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Dissolving a business is a natural part of a business entity's lifecycle. ... Kentucky $49. Louisiana $100. Maine $75. Maryland $0. Massachusetts $100. Michigan $10. Minnesota $35* if mailed.
One possible solution may be to form a new corporation and merge into it, dissolving the LLC and converting into a corporation. Many jurisdictions—including Alabama, California, Kentucky, Maryland, New York, Pennsylvania, Tennessee, and Texas—levy a franchise tax or capital values tax on LLCs. In essence, this franchise or business ...
In law, dissolution is any of several legal events that terminate a legal entity or agreement such as a marriage, adoption, corporation, or union.. Dissolution is the last stage of liquidation, the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are gone forever.
The secretary of state of Kentucky is one of the constitutional officers of the U.S. state of Kentucky. It is now an elected office, but was an appointed office prior to 1891. The current secretary of state is Republican Michael Adams, who was elected on November 5, 2019; he took office on January 6, 2020.
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Corporations exist in part to shield the personal assets of shareholders from personal liability for the debts or actions of a corporation. Unlike a general partnership or sole proprietorship in which the owner could be held responsible for all the debts of the company, a corporation traditionally limited the personal liability of the shareholders.
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In 2019, the Kentucky Supreme Court created a Business Court Docket Pilot project in the Jefferson County Circuit Court, effective January 1, 2020. [1] Circuit judges serve in eight-year terms. There are 57 circuits, which may have one or more judges, depending on the population and docket size.
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