CORPORATION DISSOLUTION INFORMATION
CHECKLIST
(
FOR PROFIT) ( NOT FOR PROFIT)
( SUBCH. S)
(
LTD LIAB. CORP)
A.
CORPORATION: (full name) As reflected on CHARTER: ASSUMED NAMES:
WHAT COUNTIES/STATES: ATTACH COPY OF
CHARTER/ARTICLES , BY-LAWS
STATE CHARTER NUMBER:
STATE FRANCHISE TAX NUMBER:
SALES TAX NUMBER:
Registered Address:
(ZIP) Business Address & Zip:
Mailing Address (zip):
Phone No:( )
FAX NO. ( )
PAGER:
FEDERAL IDENTIFICATION NUMBER:
Name of Registered Agent:
Address:
IS CORPORATION OWNED BY ANY ALIENS?
(thus requiring the withholding of
taxes or filing reports)? If so, who:
B.
PERSON TO CONTACT REGARDING THIS FILE(full name): Your Corporation
Title: Home Address: Mailing Address
(zip): Home Phone No:( )
Office Phone No.: ( )
C.
OFFICERS OF CORPORATION: As provided in By-Laws: (Pres.) (C.E.O.)
(1st V.P.) (2nd V.P.) (Sec.) (Treas.)
(Sec./Tres.); Present Officers:
TITLE PRESENTLY HELD:
D.
BOARD OF DIRECTORS: Number as provided in By-Laws: Title of
Presiding Officer: Present
Directors:TITLE GIVEN TO EACH DIRECTOR:
E.
ARE FRANCHISE TAXES PAID UP TO DATE?
IF NOT, WHEN LAST PAID:
BRING A COPY OF LAST TWO YEARS'
FRANCHISE TAX RETURNS.
A CERTIFICATE FROM STATE COMPTROLLER
SHOWING FRANCHISE TAXES PAID IN
FULL TO DATE MUST ACCOMPANY DISSOLUTION
RESOLUTION. HAS THIS BEEN
ORDERED BY CLIENT? (FREE)
A FINAL FRANCHISE TAX REPORT MUST BE
FILED FOR THE CLOSING YEAR, AND A
TAX PAID REPORT. IS CLIENT'S CPA TO
FILE THIS FINAL RETURN?
F. SHAREHOLDERS:IS THIS A CLOSE
CORPORATION? NUMBER OF SHARES AUTHORIZED
BY CHARTER: NUMBER OF SHARES ISSUED:
NUMBER OF TREASURY SHARES HELD BY
CORPORATION: NUMBER OF SHARES HELD BY
SHAREHOLDERS: SHAREHOLDERS:
ADDRESSES:NUMBER OF SHARES:
BRING A COPY OF STOCK TRANSFER RECORD
BOOK FOR REVIEW. ARE THERE ANY
MISSING SHAREHOLDERS? ARE THERE ANY
STOCK SUBSCRIPTION
AGREEMENTS/BUY-SALE AGREEMENTS? BRING
COPY:
G.DISSOLUTION BY: ALL SHAREHOLDERS SIGN CONSENT? IF NOT, THEN
BY
DIRECTORS? OR, IS DISSOLUTION CONTESTED
OR INVOLUNTARY? HAVE ALL
DEBTS/LEASES/CLAIMS/JUDGMENTS BEEN PAID
BEFORE DISSOLUTION? ADDRESS
WHERE DISSOLUTION MEETING WILL BE HELD:
H.LIST DEBTS OF CORPORATION: LIST ALL
DEBTS/OBLIGATIONS/TAXES DUE ON
ATTACHED EXHIBIT (they must be paid or
assumed by shareholders) DEBTS
TO BE ASSUMED:AMOUNT:BY WHICH
SHAREHOLDERS?:
I.ASSETS REMAINING TO BE SOLD/DIVIDED
BETWEEN SHAREHOLDERS: LIST ON
ATTACHED EXHIBITS ALL ASSETS REMAINING
OF THE CORPORATION. LIST THOSE
ASSETS TO BE SOLD TO PAY OFF DEBTS OF
CORPORATION:
SHAREHOLDER TO RECEIVE ASSET: VALUE OF
ASSET:
REMAINING TAX BASIS OF EACH ASSET NEEDS
TO BE PROVIDED TO THE
SHAREHOLDER:
J. NOTICE OF DISSOLUTION TO CREDITORS:
LIST THOSE CREDITORS TO WHOM
NOTICE OF INTENTION TO DISSOLVE MUST BE
SENT: NAME: ADDRESS:
NAME: ADDRESS: NAME: ADDRESS: NAME: ADDRESS:
K.ADOPTION OF PLAN OF LIQUIDATION: IS
THIS TO BE DONE?BY WHOM:
DESCRIBE PLAN IN DETAIL:
PLAN FILED WITH STATE COMPTROLLER (to
reduce final year's franchise
tax)? IRS FORM ____ TO BE FILED BY
WHOM? IRS FORM ____ TO BE FILED BY
WHOM?
L.WINDING UP BUSINESS AFFAIRS: HAVE ALL
LEASES BEEN CANCELLED? HAVE
ALL IRS RETURNS BEEN FILED? HAVE ALL
SALES TAX REPORTS BEEN FILED?
HAVE CURRENT LICENSE FEES BEEN PAID?
OBTAIN "GOOD STANDING"
CERTIFICATE FROM STATE COMPTROLLER?
DEBTS DUE CORPORATION BEEN
RECEIVED, WRITTEN OFF OR FILED ON?
WITHHOLDING TAXES/UNEMPLOYMENT
TAXES PAID TO DATE? EMPLOYEES BEEN
INFORMED OF CLOSING DOWN? (FED. LAW
MAY REQUIRE 30 DAYS NOTICE)
EMPLOYER/EMPLOYEE BENEFIT PLANS BEEN TAKEN
INTO CONSIDERATION? INSURANCE AGENT
BEEN INFORMED? FINAL INCOME TAX
RETURN FILED? IF CORPORATION IS SELLING
INVENTORY IN BULK, BULK
TRANSFER AFFIDAVIT REQUIRED. IF
CORPORATION IS SELLING REALTY OR
MATERIAL ASSETS OUTSIDE NORMAL SCOPE
AND COURSE OF BUSINESS AFFAIRS,
THEN SHAREHOLDER'S CONSENT REQUIRED BY
TEX. CORP. ACT. BRING PLANS AND
SPECIFICATIONS FOR REVIEW. DONE? IF ASSETS ARE BEING SOLD TO INSIDERS
FOR "LESS THAN FAIR EQUIVALENT
VALUE", THEN THE SALE COULD BE SET
ASIDE BY CREDITORS AND/OR BANKRUPTCY COURT.
HAS CLIENT SOUGHT INCOME
TAX ADVICE AT ALL TIMES DURING THESE
PROCEEDINGS (ATTORNEY WILL NOT BE
OBTAINING ADVICE BY CPA OR TAX COUNSEL
IN THIS REGARDS, SO CLIENT MUST
ASCERTAIN THE TAX EFFECTS OF THIS
TRANSACTION).
M.OTHER PERTINENT INFORMATION:
ASSETS OF THE CORPORATION
I. REALTY: (Please attach a copy of all
deeds, title policies,
surveys, contracts, etc. which involves
or defines the real estate.)
A._____ REALTY: (First give street address, city, county and
state;
then give Lot/Block/Section number and
Subdivision name, or give
acreage and name of Survey, County,
State; and then state its
appraised value; its Appraisal District
Account Number; and whether or
not a lien exists against same.)
1.OWNED OR PURCHASING:
(a)Residential:
Value: Remaining tax basis:
(b)Non-residential:
Value: Remaining tax basis:
(c)Rural Acreage:
Value: Remaining tax basis:
(d)Condos/Timeshare/Town House:
Value: Remaining tax basis:
(e)Mineral/royalty interests:
Value: Remaining tax basis:
(f)Contract Rights/Possessory Rights:
Value: Remaining tax basis:
2.LEASING/LEASE-OPTION:
Value: Remaining tax basis:
3.TIMBER RIGHTS:
Value: Remaining tax basis:
4.OTHER:
Value: Remaining tax basis:
B.NON-_______ REALTY: (First give street address, city, county and
state; then give Lot/Block/Section
number and Subdivision name, or
give acreage and name of Survey,
County, State; and then state its
appraised value; its Appraisal District
Account Number; and whether or
not a lien exists against same.)
(Attach copy of deeds, etc.)
1.OWNED OR PURCHASING:
(a)Residential:
Value: Remaining tax basis:
(b)Non-residential:
Value: Remaining tax basis:
(c)Rural Acreage:
Value: Remaining tax basis:
(d)Condos/Timeshare/Town House:
Value: Remaining tax basis:
(e)Mineral/royalty interests:
Value: Remaining tax basis:
(f)Contract Rights/Possessory Rights:
Value: Remaining tax basis:
2.LEASING/LEASE-OPTION:
Value: Remaining tax basis:
3.TIMBER RIGHTS:
Value: Remaining tax basis:
4.OTHER:
Value: Remaining tax basis:
II. PERSONALTY: (First give full description of item,
including VIN
numbers, serial number, model number,
account number, policy number,
stock certificate number, bond numbers,
etc.; and then state in whose
name the item is registered; the
location of the item; then state its
appraised value, insured value, balance
due or worth; and whether or
not a lien exists against same.)
A._____ and NON______ PERSONALTY:
1.RESIDENTIAL ITEMS:
(a)HOME NO. 1: Address: Describe major
items only:
Value: Remaining tax basis:
(b)HOME NO. 2: Address: Describe major
items only:
Value: Remaining tax basis:
2.MOTOR VEHICLES: TRUCKS, ATVs, MOTOR
HOMES, MOTOR CYCLES, TRAILERS,
TRAVEL TRAILERS, BICYCLES,
BOATS/TRAILER/MOTORS, RIDING LAWN MOWERS,
TRACTORS, FORK LIFTS, CRANES, and OTHER
MOTORIZED MACHINERY (give
V.I.N., date, model, license no.; and
values)
(a)Mobile Homes: Address: Define: $
Value: Remaining Tax Basis:
(b)Car No. 1: 19; Model ; Doors: VIN:;
Blue Book Value: $ Value:
Remaining tax basis:
(c)Car No. 2: 19; Model ; Doors: VIN:;
Blue Book Value: $ Value:
Remaining tax basis:
(d)TRUCK: 19; Model VIN:; Blue Book
Value: $ Value:
Remaining tax basis:
(e)TRAILERS:
Value: Remaining tax basis:
(f)BOATS/MOTOR/TRAILER:
Value: Remaining tax basis:
(g)OTHERS:
Value: Remaining tax basis:
3.BUSINESS MACHINERY: (give location,
model number, year, brand, VIN,
serial no., license no., name of
manufacturer; value and remaining tax
basis; and whether or not it is
mortgaged.)
(a) Value: Remaining tax basis:
(b) Value: Remaining tax basis:
(c) Value: Remaining tax basis:
(d) Value: Remaining tax basis:
4.BUSINESS EQUIPMENT, TOOLS, LIBRARY:
(give location, model number,
year, brand, VIN, serial no., license
no., name of manufacturer; value
and remaining tax basis; and whether or
not it is mortgaged.)
(a) Value: Remaining tax basis:
(b) Value: Remaining tax basis:
(c) Value: Remaining tax basis:
5.BUSINESS RESALE INVENTORY: (give
location, type of inventory, lot
number; value and remaining tax basis;
and whether or not it is
mortgaged.)
(a) Value: Remaining tax basis:
(b) Value: Remaining tax basis:
(c) Value: Remaining tax basis:
(d) Value: Remaining tax basis:
6.BUSINESS SUPPLIES (not for resale):
(give location, type, lot
number; value and remaining tax basis;
and whether or not it is
mortgaged.)
(a) Value: Remaining tax basis:
(b) Value: Remaining tax basis:
(c) Value: Remaining tax basis:
(d) Value: Remaining tax basis:
7.PATENTS, COPYRIGHTS, TRADE NAMES,
TRADEMARKS: (Details, number, date
of patent/copyright, assignments,
pledges, contractual duties/rights)
(a) Value: Remaining tax basis:
(b) Value: Remaining tax basis:
(c) Value: Remaining tax basis:
(d) Value: Remaining tax basis:
8.VALUE OF GOING CONCERN/GOOD WILL:
9.BANKS/SAVINGS/IRA:
(a)Checking at: Account No.: $
(b)Checking at: Account No.: $
(c)Savings at: Account No.: $
(d)Savings at: Account No.: $
(e)Certificate of Deposit at: Account
No.: $
(f)Certificate of Deposit at: Account
No.: $
(g)Money Market at: Account No.: $
(h)I.R.A. at: Account No.: $
(i)I.R.A. at: Account No.: $
(j)CASH: $ at
(k)Other:
10.STOCKS, BONDS, INVESTMENT ACCOUNTS:
(have they been pledged as
security on loan?)
(a)STOCK: shares of Certificates Nos. Value per share:
$; total
value: $
(b)STOCK: shares of Certificates Nos. Value per share:
$; total
value: $
(c)BONDS: SERIES ; Bond Nos.: Total
value: $ (d)BONDS: SERIES ; Bond
Nos.: Total value: $ (e)MUTUAL FUNDS
with: Account Nos:Total value: $
(f)COMMODITY MARKET: Account Nos.:Total
value: $ (g)STOCK
OPTIONS/PUTS/CALLS:Total value: $
11.NOTES, DEBTS, CLAIMS DUE: (have they
been collaterally
assigned/pledged as security?)
(a)Promissory Notes secured by lien for
$, dated Maker:, balance owed
$ Secured by lien against: Value:
Remaining tax basis:
(b)Contracts for Deeds: $, dated
Buyer:, Balance due $ Property
buying: Value: Remaining tax basis:
Value: Remaining tax basis:
(c)Claims, debts due: $, dated Debtor:,
Balance owed $ Nature of
claim, debt: Value: Remaining tax
basis:
(d)Escrow Deposits with: $; Account No.
Value: Remaining tax basis:
(e)Utility Deposits with: $; Account
NO. Value: Remaining tax basis:
(f)Unpaid wages from: $ Value:
Remaining tax basis:
12.ANIMALS/CROPS: (give location,
number, description, brands; value;
mortgage information)
(a)PETS: Value: Remaining tax basis:
(b)ANIMALS: Value: Remaining tax basis:
(c)FOWL/POULTRY: Value: Remaining tax
basis:
(d)HORSES: Value: Remaining tax basis:
(e)OTHER: Value: Remaining tax basis:
(f)GROWING CROPS: Value: Remaining tax
basis:
(g)OTHER:
13.BUSINESS ENTITIES:
(a)SOLE PROPRIETORSHIP: Assumed Name:;
Filed in County of Type of
business: Address: Nature of Assets:
Nature of Liabilities: Pending
Claims/lawsuits: Gross worth: $; Net
Worth: $ Value: Remaining tax
basis:
(b)PARTNERSHIP/LTD. PARTNERSHIP: (same
info as above)
Value: Remaining tax basis:
(c)LIMITED LIABILITY COMPANY: (same
info as above)
Value: Remaining tax basis:
(d)OTHER: Value: Remaining tax basis:
14.INSURANCE (give name of insurance
company, policy number, name of
insured, name of beneficiary, type of
policy and amount of coverage,
and whether or not it is part of group
insurance plan):
(a)Life Insurance - term: Value:
Remaining tax basis:
(b)Life Insurance with Loan/Cash
Surrender Value: Value: Remaining tax
basis:
(c)Burial Insurance: Value: Remaining
tax basis:
(d)Medical/dental: Value: Remaining tax
basis:
(e)Loan Insurance: Value: Remaining tax
basis:
(f)Car policies: Value: Remaining tax
basis:
(g)House insurance: Value: Remaining
tax basis:
(h)Umbrella/indemnity policies: Value:
Remaining tax basis:
(i)Insurance on children's/family
member's lives: Value: Remaining tax
basis:
15.COMPANY BENEFIT PLANS:
(a)Retirement Plan with employer:
Insurance company: Employee: Present
value: $; Future value $
(b)Annuity Plan with: (same info)
Value: Remaining tax basis:
(c)Union benefits with: Value:
Remaining tax basis:
(d)Stock Option Plan with: Value:
Remaining tax basis:
(e)401K/KEOGH Plan with: Value:
Remaining tax basis:
(f)BONUSES/VACATION PAY/OTHER: Value:
Remaining tax basis:
16.ALL OTHER PERSONALTY AND ASSETS:
Value: Remaining tax basis:
EXHIBIT B LIABILITIES OF CORPORATION
The word "creditor" means:
creditor, lien holder, claimant, person
owing the debt/claim/obligation,
landlord, seller financing loan, etc.
THE FOLLOWING DEBTS AND OBLIGATIONS ARE
THE DEBT OF THE CORPORATION,
WHETHER SOLELY LIABLE OR AS GUARANTOR
OR OTHERWISE:
I.MORTGAGES SECURED BY REALTY LIENS:
A.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
B.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
C.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
II.MORTGAGES SECURED BY PERSONALTY
LIENS:
A.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
B.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
C.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
III.I.R.S. LIENS/AD VALOREM
TAXES/JUDGMENT LIENS:
A.IRS INCOME TAX: Date: Original
Amount: $ Present Balance: $ Monthly
installment:$ Account Number: Security:
B.IRS WITHHOLDING TAX: Date: Original
Amount: $ Present Balance: $
Monthly installment:$ Account Number:
Security:
C.______ FRANCHISE TAX: Date: Original
Amount: $ Present Balance: $
Monthly installment:$ Account Number:
Security:
D.______ SALES TAX: Date: Original
Amount: $ Present Balance: $
Monthly installment:$ Account Number:
Security:
E.______/FED. UNEMPLOYMENT TAX: Date:
Original Amount: $ Present
Balance: $ Monthly installment:$
Account Number: Security:
F.STATE/COUNTY AD VALOREM TAX: Date:
Original Amount: $ Present
Balance: $ Monthly installment:$
Account Number: Security:
G.STATE\COUNTY PERSONAL PROPERTY TAX:
Date: Original Amount: $ Present
Balance: $ Monthly installment:$
Account Number: Security: H.SCHOOL
DISTRICT AD VALOREM TAX: Date: Original
Amount: $ Present Balance: $
Monthly installment:$ Account Number:
Security:
I.SCHOOL DISTRICT PERSONAL PROPERTY
TAX: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
J.CITY/WATER DISTRICT AD VALOREM TAX:
Date: Original Amount: $ Present
Balance: $ Monthly installment:$
Account Number: Security:
K.STANDBY WATER DISTRICT TAX: Date:
Original Amount: $ Present
Balance: $ Monthly installment:$
Account Number: Security:
L.STATE PERMITS/LICENSES: Date:
Original Amount: $ Present Balance: $
Monthly installment:$ Account Number:
Security:
M.COUNTY/CITY PERMITS/LICENSES: Date:
Original Amount: $ Present
Balance: $ Monthly installment:$
Account Number: Security:
N.ABSTRACT OF JUDGMENT: JUDGMENT
CREDITOR: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ CASE Number: COURT NAME,
COUNTY, STATE:
O.LIS PENDENS: CLAIMANT: Date: Original
Amount: $ Present Balance: $
Monthly installment:$ CASE NUMBER:
COURT NAME, COUNTY, STATE:
P.PENDING PERSONAL INJURY SUITS: CLAIMANT:
Date: Original Amount: $
Present Balance: $ Monthly
installment:$ CASE NUMBER: COURT NAME,
COUNTY, STATE:
Q.PENDING CONTRACT SUITS: CLAIMANT:
Date: Original Amount: $ Present
Balance: $ Monthly installment:$ CASE
NUMBER: COURT NAME, COUNTY,
STATE:
R.PENDING CONDEMNATION SUITS: CLAIMANT:
Date: Original Amount: $
Present Balance: $ Monthly
installment:$ CASE NUMBER: COURT NAME,
COUNTY, STATE:
S.OTHERS:
IV.UNSECURED PROMISSORY NOTES:
A.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
B.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
V.POTENTIAL CLAIMS OR LAWSUITS
(breach of contract/debt/torts):
A.CLAIMANT: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
B.CLAIMANT: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
VI.ENVIRONMENTAL LIABILITY:
A.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
VII.UNSECURED DEBTS/ACCOUNTS PAYABLE:
A.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number:
B.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number:
C.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number:
C.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number:
VIII.CONTRACTUAL OBLIGATIONS (excluding
leases):
A.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
B.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
IX.REAL ESTATE/BUILDING LEASES:
A.LANDLORD/ADDRESS: Date: Original
Amount: $ Present Balance: $
Monthly installment:$ Account Number:
Property:
B.LANDLORD/ADDRESS: Date: Original
Amount: $ Present Balance: $
Monthly installment:$ Account Number:
Property:
X.PERSONALTY LEASES:
A.LESSOR/ADDRESS: Describe leased
object: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number:
B.LESSOR/ADDRESS: Describe leased
object: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number:
C.LESSOR/ADDRESS: Describe leased
object: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number:
XI.POSSIBLE CLAIM BY
SHAREHOLDERS/OFFICERS and/or EMPLOYEES:
A.CLAIMANT: Date: NATURE OF CLAIM:
AMOUNT OF CLAIM: Security: Written
Demand/Attorney letter?
B.CLAIMANT: Date: NATURE OF CLAIM:
AMOUNT OF CLAIM: Security: Written
Demand/Attorney letter?
XII.ATTORNEY FEES/COURT COSTS:
A.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
XIII.UNFINISHED CONTRACTS:
A.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
B.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
XIV.CREDIT CARDS:
A.Creditor: CREDIT CARD NUMBER:Date:
Original Amount: $ Present
Balance: $ Monthly installment:$
Account Number: Security:
B.Creditor: CREDIT CARD NUMBER:Date:
Original Amount: $ Present
Balance: $ Monthly installment:$
Account Number: Security:
C.Creditor: CREDIT CARD NUMBER:Date:
Original Amount: $ Present
Balance: $ Monthly installment:$
Account Number: Security:
D.Creditor: CREDIT CARD NUMBER:Date:
Original Amount: $ Present
Balance: $ Monthly installment:$
Account Number: Security:
XV.ALL OTHER DEBTS/OBLIGATIONS:
A.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
B.Creditor: Date: Original Amount: $
Present Balance: $ Monthly
installment:$ Account Number: Security:
EXHIBIT C PROPOSED DIVISION OF ASSETS
and DEBTS
I. ASSETS OF CORPORATION: ITEM DESCRIBE
VALUE NOW TAX BASIS SOLD or
NAME OF SHAREHOLDER TO GET ITEM
REALTY (Residential, Commercial,
Condos/timeshare; all states)
LEASEHOLDS OIL, GAS, MINERAL, TIMBER
RESIDENTIAL, FURNISHINGS &
CONTENTS
MOTOR VEHICLES (Cars, trucks, vans,
trailers, motor homes, mobile
home, cranes, etc)
BUSINESS MACHINERY
BUSINESS EQUIPMENT, TOOLS & LIBRARY
INVENTORY FOR RESALE OR RETAIL
BUSINESS SUPPLIES
PATENTS, COPYRIGHTS, TRADEMARKS ETC.
GOOD WILL & NO-COMPETE AGREEMENT
BANKS, SAVINGS, IRAs, C.D.s, CASH
STOCKS, BONDS, Mutual Funds, OPTIONS
FARM ANIMALS & CROPS
OTHER BUSINESS INTERESTS
INSURANCE (Life, csv, car, medical,
other)
COMPANY BENEFIT PLAN AND OTHER ASSETS OF VALUE
EXHIBIT C PROPOSED DIVISION OF
LIABILITIES
II. DEBTS AND LIABILITIES:\ ITEM NAME
OF CREDITOR BALANCE DUE PAY OFF?
SHAREHOLDER TO ASSUME:
REALTY LIENS (include Contract for Deed) PROPERTY LEASES
BUSINESS
MACHINERY LEASES MORTGAGED MACHINERY/
EQUIPMENT MORTGAGED MOTOR
VEHICLES BUSINESS CONTRACTS BUSINESS
UNSECURED CREDITORS IRS LIENS AD
VALOREM TAXES & OTHER TAX JUDGMENTS
LIS PENDENS CLAIMS PENDING
LAWSUITS EMPLOYEE OBLIGATIONS STOCK
CONTRACTS UNSECURED NOTES OTHER
BUSINESS DEBTS INSURANCE OBLIGATIONS
CREDIT CARDS
