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PRACTICE AREAS
Business Dissolution
When the owners of a business decide to end the company's existence because of the sale of assets, attainment of purpose, unprofitability, or any number of other factors, the business is "dissolved." Dissolution disposes of all company debts and assets, and pays all creditors and shareholders. If the company serves no useful purpose, dissolution removes the need for filing annual returns and accounts and stops the business from incurring unnecessary tax liability.
 
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