Corporate Regulatory Services: Dissolution
When the decision makers of the corporation decide to end the corporation's existence for whatever reason (typically the sale of all assets, completion of purpose, or unprofitability), the corporation must be "dissolved". Dissolution of the corporation disposes of all corporate debts and assets, creditors and shareholders are paid, and the corporate entity is terminated.
Though generally similar across the United States, there is a certain amount of variation in each state's dissolution laws. For this reason it is important to consult with regulatory experts like The Commpliance Group before dissolving your corporation.
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