Business Dissolution

Businesses operate on a life cycle that begins with the start-up phase and ends in some form of a dissolution.  Bringing a business to a close can be just as complex as starting one.  Like any other phase, dissolution must be handled carefully to minimize risk to the company’s owners.  

Proper dissolution requires resolving claims, settling debts, marshaling and disposing of assets, distributing any remaining cash or assets according to applicable laws and internal governing documents, and filing notices with government authorities. The manner in which the company is dissolved will depend on the circumstances leading to the decision to stop doing business.

If you are considering dissolution for any reason, you should plan on dissolving and winding up the company’s affairs with the assistance of skilled legal counsel. You deserve the peace of mind that comes from knowing your business was dissolved lawfully.  Drexler Law can assist with your dissolution needs and position you for the best possible outcome so you can make your next move with confidence.

 If your business is struggling, or you are at risk of insolvency, do not wait to seek professional advice.  The sooner you consult with an attorney, the more options you are likely to have. Conversely, waiting too long can limit our ability to help.  Drexler Law can provide guidance to protect your interests and help you move forward responsibly.