Does the dissolution process differ for LLCs and corporations?Although the requirements vary from state to state, the dissolution process generally stays the same for both. CT’s well-practiced professionals are are standing by to answer your questions about the rules in your state.
Why might a business voluntarily dissolve?For many reasons: The company may not be profitable enough to continue operations. There may be a management deadline over the company’s future direction. Or, the owners may simply wish to move on to a new venture.
What is dissolution, and what is withdrawal?Dissolution is an official filing with the original formation state terminating the legal existence of a company throughout the country. Withdrawal merely eradicates a company’s right to do business in a particular state; it can continue to exist and do business elsewhere.
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