PLAN OF DISSOLUTION AND LIQUIDATION

1. CORPORATION INFORMATION

Corporation: [LEGAL NAME]
State of Incorporation: [STATE]
Adoption Date: [MM/DD/YYYY]

2. PURPOSE

This Plan provides for the orderly winding up, liquidation, and dissolution of the Corporation in accordance with applicable law.

3. APPROVALS

☐ Board approval obtained on [DATE].
☐ Shareholder approval obtained on [DATE], with [PERCENT]% vote.

4. WINDING UP STEPS

The Corporation will:
1. Cease new business operations except as necessary to wind up.
2. Collect accounts receivable and liquidate assets.
3. Provide required notices to creditors.
4. Pay or provide for all known liabilities.
5. Distribute remaining assets to shareholders.
6. File articles/certificate of dissolution with the state.

5. TAX FILINGS

☐ File required federal, state, and local tax returns.
☐ File IRS Form 966 (if applicable).
☐ Provide final K-1s (if applicable).

6. DISTRIBUTIONS

Distributions shall be made pro rata based on share ownership, after satisfying liabilities.

7. EFFECTIVE DATE

This Plan is effective upon approval by the Board and shareholders, and remains in effect until dissolution is completed.

8. SIGNATURES

Authorized Officer: [NAME/TITLE]
Signature: ______________________________
Date: [MM/DD/YYYY]