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Business Dissolution

While no one plans a business venture with the thought of what to do if you need to close or dissolve the company, having proper documentation of all you do with your company will be a major asset in closing it down. At the very least you will need to notify the state that your are no longer in business and close down bank accounts that are in the business’s name.

Business Dissolution Sub-Categories

Proprietorship -

Corporation & LLC - Individual states have the power to promulgate laws relating to the creation, organization and dissolution of corporations.

Partnerships - Creation, organization, and dissolution of partnerships are governed by state law. Many states have adopted the Uniform Partnership Act (See California's adoption of the U.P.A. -- §§ 16100 to 16962). A partner relationship is generally the result of a contract either express or implied with no formal requirements (such as a signed document). To determine whether a partnership exists courts look at: (1) intention of the parties, (2) sharing of profits and losses (3) joint administration and control of business operation, (4) capital investment by each partner, and (5) common ownership of property.

Business Dissolution Articles view all items

The Age Discrimination in Employment Act (ADEA)
Author: Evan Bailyn
What is Discrimination? In general, any practices that violate the Civil Rights Act are considered discrimination.

Legal Action Against Departing Employees
Author: Evan Bailyn
Departing employees can pose a competitive threat to an employer in a variety of ways.

Involuntary Retirement of Employees
Author: Evan Bailyn
History The Age Discrimination in Employment Act (ADEA) of 1967 protected people in a certain age bracket from being discriminated against in employment, and this included forced retirement.

Immigration Reform and Employment
Author: Evan Bailyn
The Legal Structure The flood of illegal immigrants into this country over the last forty years, seeking employment and a better life, led to legislative attempts beginning in the 1980s to control immigration and the employment of undocumented immigrants.

Harassment Remedies
Author: Evan Bailyn
Prior to the passage of the Civil Rights Act of 1991, sexual harassment in the workplace was adjudicated under the statutes of Title VII of the Civil Rights Act of 1964, as interpreted and applied by the courts and the EEOC.


Business Dissolution Resources view all items

The CPA Journal
To dissolve or not to dissolve

PCMag.Com
Dissolution.

Wikipedia
Dissolution (Business)

Frequently Asked Questions view all items

Chooselaw FAQ
This is a section devoted to frequently asked questions about Business Dissolution here on chooselaw.

MOLO.Com
Closing Your Business: What You Need to Do.

NOLO.Com
Checklist for Closing Your Business: 20 Things You Need to Do.

thewhir.com
Legal Q&A: Preparing for the Worst.

Latest Business Dissolution News view all items
Editorial: Democracy and the law (Guardian Un...
1 Jul 2008 at 7:14pm
Editorial: The Turkish legal system is becoming a more and more hazardous battleground for the country's rulin...

MAIR Holdings, Inc. Shareholders Authorize Di...
27 Jun 2008 at 4:57pm
MINNEAPOLIS & ST. PAUL, Minn.----On June 25, 2008, the shareholders of MAIR Holdings, Inc. voted to approv...

Common Pleas Court for July 3 (Springfield Ne...
2 Jul 2008 at 9:14pm
COMMON PLEAS COURT

'Guns at work' law, others to take hold (The ...
30 Jun 2008 at 12:55am
Higher DUI fines, boat fees among new ones.


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