When a business is dissolved, it is formally and legally closing its operations. This involves more than just deciding not to run the business and keeping the doors closed. This process includes: Filing Dissolution Paperwork A legal process is required so local and state records can recognize and mark a business as closed. This is..

A business may be dissolved for several reasons. These reasons may include falling out of compliance with state regulations, or even personal circumstances such as illness or retirement. But even after a business has been dissolved by the state, there are some circumstances that make it possible to return through “Business Reinstatement.” One crucial role..

A business such as an LLC or a corporation can be dissolved for several reasons. The owners may decide it is time to dissolve the company’s status. In other cases, outside factors, such as a government agency, say that administrative requirements—like licensing—have failed to be met, negating the LLC or corporate status. However, dissolving the..