When a business is concluded, it should be dissolved to cut off any potential future obligations. To legally dissolve a business requires knowing what documents must be filed, how assets are to be distributed, who must be notified, and a clear understanding of the Corporation Code and/or Partnership Agreement controlling the process. In many instances there are tax clearance certificates which must be obtained and documents that must be filed with the Secretary of state to complete a dissolution.
Bankruptcy and Workouts
We closely work with attorneys specializing on bankruptcy laws. We represent clients in Chapter 7, 11, and 13 bankruptcy filings. While, unfortunately, many companies forced to declare bankruptcy cannot be saved, we can assist in the reorganization of companies.