Dissolution of a Corporation is the termination of a corporation, either a) voluntarily by resolution, paying debts, distributing assets, and filing dissolution documents with the Secretary of State; or b) by state suspension for not paying corporate taxes or some other action of the government.? Dissolution of a corporation is carried out by filing documents to withdraw the corporation as a business entity.? Dissolution can either be started voluntarily, by resolution of the shareholders, or involuntarily, for not paying corporate taxes or some other action of the government.
The rules concerning corporate dissolution vary in the different states of U.S.? The related law of each state is discussed under the following state links.