When businesses in Hawaii reach the end of their operations, they must undergo a formal termination process, which involves submitting the DC-13 form to the Department of Commerce and Consumer Affairs. This form, more specifically known as the Articles of Dissolution, plays a crucial role in legally dissolving a corporation in the state. With a nonrefundable filing fee of $25, payable only through specific non-personal check methods, it's clear that attention to detail and adherence to instructions are paramount. The form requires information about the corporation's decision to dissolve, including the method by which this resolution was reached—either through a meeting of the shareholders or by unanimous written consent. Additionally, the form calls for specifying the effective date of dissolution, a crucial detail that dictates when the corporation ceases to exist legally. It must be completed legibly in black ink and signed by at least one authorized officer of the corporation, underscoring the seriousness and finality of the act of dissolution. This process, while seemingly straightforward, is laden with implications for the business's owners and its financial and legal responsibilities, making it an essential step for any corporation looking to conclude its affairs in Hawaii properly.
| Question | Answer |
|---|---|
| Form Name | Form Dc 13 Hawaii |
| Form Length | 3 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 45 sec |
| Other names | LEGIBLY, hawaii dc13 form, form dc 13, DC-13 |