Form Scc743 - Instructions printable pdf download

COMMONWEALTH OF VIRGINIA

STATE CORPORATION COMMISSION

(07/07)

GUIDE FOR TERMINATION OF A VIRGINIA STOCK CORPORATION

Voluntary termination of the existence of a Virginia stock corporation is accomplished in

one of two ways, depending upon the corporation's circumstances. Please read both

paragraphs 1 and 2 to determine which circumstance applies.

If the corporation has issued shares and commenced business, both articles of

dissolution and articles of termination of corporate existence must be filed with the

Commission, after which the Commission will issue and record a certificate of dissolution and a

certificate of termination of corporate existence.

Articles of dissolution - you may use the attached form SCC743, which contains

instructions on the reverse, or prepare articles that meet the requirements of § 13.1-743 of the

Code of Virginia. There is a statutory fee of $10.00 for filing this document.

Articles of termination of corporate existence - you may use the attached form

SCC750, which contains instructions on the reverse, or prepare articles that meet the

requirements of § 13.1-750 of the Code of Virginia. There is a statutory fee of $10.00 for filing

this document.

The total amount of fees to file both articles is $20.00.

OR:

If the corporation either has not issued shares or has issued shares but has not

commenced business, a majority of the initial directors or, if there are none, the incorporators

may dissolve the corporation and terminate its existence by filing with the Commission articles

of termination of corporate existence, after which the Commission will issue and record a

certificate of termination of corporate existence. You may use form SCC751, which contains

instructions on the reverse, or prepare articles that meet the requirements of § 13.1-751 of the

Code of Virginia. There is a statutory fee of $10.00 for filing this document.

NOTE: The fact that a corporation has wound up its affairs and has ceased conducting

business does not end its legal existence. The corporation will maintain its legal existence, will

remain active on the Commission's records, will remain liable for paying annual registration

fees and will be responsible for filing annual reports until a certificate of termination of

corporate existence has been recorded in the Clerk's Office of the Commission (or the

corporation has otherwise ceased to exist due to automatic termination, merger, etc.).

You can download these forms from our website at

If you have any questions, please call (804) 371-9733 or toll-free in Virginia, (866) 722-2551.

SCC743/SCC750

Form Scc743 - Instructions