What is the process for voluntary corporate dissolution?

In Nebraska, the process for voluntary corporate dissolution begins with the owners of the corporation filing a written notice of voluntary dissolution with the Secretary of State. The notice should include the name of the corporate entity, the date the notice was filed, and the name and address of the registered agent of the corporation. The notice must be signed by a majority of the corporation’s owners. Once the notice is filed, the owners must conduct a final general meeting of the shareholders of the corporation for the purpose of winding up the affairs of the corporation. In this meeting, the owners must adopt a resolution authorizing the voluntary dissolution and electing a board of directors to close the affairs of the corporation. The owners must then appoint a dissolution committee to oversee the dissolution process. The dissolution committee, then, must take steps to liquidate the assets of the corporation, discharge all creditors and liabilities, distribute remaining assets to the shareholders, and prepare accounts of the dissolution and supplementary documents. The dissolution committee must also ensure all necessary tax records and returns are properly filed. Once all the necessary steps have been taken, the dissolution committee must file a Certificate of Dissolution with the Secretary of State. This will officially dissolve the corporation in Nebraska.

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What is the process for voluntary corporate dissolution?

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