Ohio Business Dissolution Kit
The process of predicting or evaluating
business failures is complicated by the myriad contributing factors to
be considered. For example, the ratio of business successes to business
failures can vary widely depending on the industry involved. Regardless
of the fact that there exist complex formulas for predicting the failure
rate, years ago it was said that roughly 6 out of every 10 business
failed in the first 5 years. Recent information from the University of
Michigan estimates that "more than 80 percent of new firms in the United
States end up failing and about 10 percent of all American companies
fold each year." The University Record (3/10/08).
When a business fails, certain procedures
must be followed just like when a business starts. Small businesses, in
particular, are notorious for ignoring the dissolution/cancellation
procedures and most law offices are familiar with the way the Secretary
of State and the Ohio Department of Taxations follows up on businesses
that stop filing their periodically required forms and returns.
Ohio Business Dissolution Kit
(OBDK)
is designed to organize and streamline the process of dissolving an Ohio
business. The goal is to maximize your efficiency by helping you to
complete and file the necessary forms and notices in a minimum amount of
time. OBDK does this by assembling all the
necessary forms and guiding you through the dissolution process.
It's Not Just The Forms —
Sure, some of these forms are available on the Internet, but remember,
OBDK lets you save your all these documents in one file as
a set. Furthermore, most of the forms complete themselves significantly
reducing your preparation time and eliminating errors. If you're
currently using available Internet forms or your own word processing
templates, OBDK will be a tremendous
time-saver.
Word Processor Compatibility
— One click of the mouse and you're in your word processor looking at a
completed document. Not only can you edit your answers, but the forms
themselves can be modified! Old English fonts, character and paragraph
formatting—the only limit is your own word processor's fonts and
features.
Customizable Documents and Defaults
— Like all our other programs, there's a Default file through which you
can preset unchanging information like the preparer's name, address,
telephone number, etc. This feature lets you avoid needing to type your
office/preparer information over and over again.
Network Friendly —
OBDK
is easy to set up for network centralization of documents and templates.
The two advantages of this method are document sharing and
simplification of the backup process.
Context-Sensitive Help —
You can press <F1> on any menu command and be transported instantly to
the appropriate help topic.
Pop-Up Menus — Right-click
your mouse button to access pop-up menus for common functions like
saving files, starting new files, previewing and printing documents.
Dissolution Forms & Letters
Corporate Resolutions
-
Action by Shareholders
-
Action by Directors
Ohio Secretary of State
-
Form 560 - Domestic Nonprofit Corporations -
Certificate of Dissolution
-
Form 561 - Domestic & Foreign For Profit
Corporations - Certificate of Dissolution
-
Form 562 - Limited Liability Companies -
Certificate of Dissolution, etc.
-
Form 563 - Limited Partnerships -
Certificate of Cancellation, etc.
-
Filing/enclosure letter
Ohio Department of Taxation
Internal Revenue Service
Miscellaneous Letters & Notices