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Dissolution

Business Dissolution

It is particularly common during tough economic times for businesses to re-evaluate their successes and revenue in order to determine if it is possible or desirable to keep their doors open. When businesses decide to, or are forced to, close down, this is called dissolution. Dissolution is a process of legally terminating a corporation or other business entity and is achieved when a company’s creditors are paid off, property and assets are sold, and any remaining cash is distributed to the company’s owners.

Dissolution is a multi-faceted process and requires several steps. Having an experienced business law attorney is necessary and would be very beneficial in helping you make the right decisions about the future of your business. The experienced attorneys at Tully Rinckey understand the complexity of this process and are available to assist you. Contact us 24/7 at 518-218-7100 to help you determine your business’s next steps.


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    I would like to take this opportunity to express my gratitude to my attorney, Doug Rose. I have been a client of Tully Rinckey for two years, working with Doug on my case. During that time, I have found Doug to be …

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  • Corporate Formation of the LLC 101 – September 18, 2012

    Presenter: Graig F. Zappia, Esq. Date: September 18, 2012 Time: 6:00-7:00 p.m. Areas of Professional Practice: 1 CLE Credit Hour If you have questions on any of our FREE Continuing Legal Education courses, please call 518-218-7100 or e-mail CLE@tullylegal.com. RSVP is required …

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