Affidavit of Dormancy - Nebraska

Affidavit of Dormancy is a legal document that was released by the Nebraska Department of Motor Vehicles - a government authority operating within Nebraska.

FAQ

Q: What is an Affidavit of Dormancy?
A: An Affidavit of Dormancy is a legal document that certifies that a company or business has not had any activity or transactions for a specific period of time.

Q: Why would a company file an Affidavit of Dormancy?
A: A company may file an Affidavit of Dormancy if they have not had any activity or transactions for a certain period of time and want to declare their status as dormant or inactive.

Q: How long does a company need to be inactive to file an Affidavit of Dormancy in Nebraska?
A: In Nebraska, a company must be inactive for at least three years before they can file an Affidavit of Dormancy.

Q: What information is typically included in an Affidavit of Dormancy?
A: An Affidavit of Dormancy typically includes the name and address of the company, the date of incorporation, a statement declaring the period of inactivity, and the reason for filing the affidavit.

Q: What are the benefits of filing an Affidavit of Dormancy?
A: Filing an Affidavit of Dormancy can provide legal protection for the company's assets, reduce reporting and tax obligations, and indicate to creditors and other stakeholders that the company is inactive.

Q: Can a company still be held liable for past debts or obligations after filing an Affidavit of Dormancy?
A: Yes, filing an Affidavit of Dormancy does not absolve a company from any past debts or obligations. It is important to consult with legal counsel to understand the implications of filing the affidavit.