dissolving the corporation then convert into sole proprietorship

snweepy430

snweepy430

Arresto Menor

Posts : 1
Join date : 19/04/2016

Good morning..Please give me an idea on how to process of dissolving the corporation then convert into sole proprietorship..thanks

tsi ming choi

tsi ming choi

Reclusion Perpetua

Posts : 760
Join date : 08/04/2011

There are 3 ways:
1. The corporation did not commenced any its business for two yrs after it had received its certificate of incorporation.

2. Continous non operation for 3 yrs after the corporation had commenced its business.

2. By filing a dissolution of corporation before the SEC.

After any of these, you can now establish a sole proprietorship by registering your business before DTI, local business bureau, etc.

Lunkan

Lunkan

Reclusion Perpetua

Posts : 1356
Join date : 11/07/2013

snweepy430 wrote:Good morning..Please give me an idea on how to process of dissolving the corporation then convert into sole proprietorship..thanks

You DON'T need to wait to start the Sole P until the Corporation is dissolved. You can solve that by the Corporation SELL the assets in the business to the Sole P for a corect value, and THEN dissolve the Corporation. But I suppouse there are more Corporation members who need to aprove such deal.

Sponsored content

dissolving the corporation then convert into sole proprietorship

1 dissolving the corporation then convert into sole proprietorship Tue Apr 19, 2016 11:45 am

snweepy430

2 Re: dissolving the corporation then convert into sole proprietorship Tue Apr 26, 2016 10:15 am

tsi ming choi

3 Re: dissolving the corporation then convert into sole proprietorship Wed Apr 27, 2016 6:46 am

Lunkan

4 Re: dissolving the corporation then convert into sole proprietorship

Sponsored content