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  2. How to dissolve an LLC

    www.aol.com/dissolve-llc-153000360.html

    Similarly, dissolving an LLC entails a process. Step 1: Decide to close your business. Dissolving an LLC starts with making the decision to close. For a single-member LLC, this decision is ...

  3. Dissolution (law) - Wikipedia

    en.wikipedia.org/wiki/Dissolution_(law)

    Dissolution of a partnership is the first of two stages in the termination of a partnership. [1] "Winding up" is the second stage. [1] [2] Dissolution may also refer to the termination of a contract or other legal relationship; for example, a divorce is the dissolution of a marriage only if the husband or wife does not agree. If the husband and ...

  4. Liquidation - Wikipedia

    en.wikipedia.org/wiki/Liquidation

    Voluntary liquidation occurs when the members of a company resolve to voluntarily wind up its affairs and dissolve. Voluntary liquidation begins when the company passes the resolution, and the company will generally cease to carry on business at that time (if it has not done so already). [17]

  5. Model Business Corporation Act - Wikipedia

    en.wikipedia.org/wiki/Model_Business_Corporation_Act

    The Model Business Corporation Act (MBCA) is a model act promulgated and periodically amended by the Corporate Laws Committee of the Business Law Section of the American Bar Association (Committee). The MBCA had been adopted by 36 states and other jurisdictions. [ 1 ]

  6. How to Dissolve Your Trust in Just 3 Steps

    www.aol.com/finance/dissolve-trust-140011242.html

    Continue reading → The post How to Dissolve a Trust in 3 Steps appeared first on SmartAsset Blog. If you want to end a trust, the process depends on the nature of the entity. A revocable trust ...

  7. Deadlock provision - Wikipedia

    en.wikipedia.org/wiki/Deadlock_provision

    Once the valuation is made, the party who served the notice must either (a) buy all the other party's share in the business at 125% of the fair price, or (b) sell its share to the other party at 75% of the fair price. The downside to such clauses is that deadlocks rarely get resolved, and can lead to the business being paralysed by indecision.

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  9. Business failure - Wikipedia

    en.wikipedia.org/wiki/Business_failure

    After closing a business may be dissolved and have its assets redistributed after filing articles of dissolution. A business that operates multiple locations may continue to operate, but close some of its locations that are under-performing, or in the case of a manufacturer, cease production of some of its products that are not selling well.

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