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Finance and Business

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[header] How to dissolve a corporation [title] Vote to dissolve. [step] Read your by-laws or articles of incorporation to find the procedures for dissolving the corporation. Typically, you will need the board of directors or shareholders to vote in order to authorize the dissolution.

endings

  1. [substeps] Because bankruptcy can be complicated, it is often best to draft your notice of dissolution in the presence of a judge. [title] File the papers to dissolve a corporation.
  2. [title] Identify the owners of the company and identify the debtor. [step] For instance, if the company owns bank accounts, you would vote to dissolve those accounts.
  3. You will also be given notice of the dissolution of the corporation. All articles of incorporation must address this waiver.
  4. [substeps] If your governing documents are silent about the dissolution process, then you will need to read your state's statute. You can find it either at a law library or by searching online.

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