Business and Corporate Dissolutions

There are many reasons why a business ceases operations and Thrift McLemore has extensive experience assisting clients through voluntary and involuntary corporate dissolutions. Our skilled attorneys understand the steps required to dissolve a business while also protecting your assets and interests to the best possible extent. Whether the decision to dissolve is due to irreconcilable differences among the owners, market shifts, bankruptcy or the retirement or death of the owner, we will work with you to make this process as straightforward as possible. We will prepare and file necessary documents with the Georgia Secretary of State, cancel your business license and submit final federal, state, and local tax forms. Creditors will be contacted and we will represent you throughout the distribution of any remaining assets and the dissolution is complete.

Our Aim

Our aim is to complete the dissolution of your business as quickly as possible, resolving any outstanding issues and assuring that every legal and financial requirement has been addressed. We will advise you regarding the distribution or sale of any remaining assets or the repayment of any outstanding debt. Regardless of the reason for the dissolution, we will be your partner throughout this difficult process.

During the dissolution process, many legal requirements must be met to close the business.
Depending on the nature and legal structure of the business, this may include:

 

  • Obtaining Corporate or LLC Stakeholder approval
  • Preparing and filing Articles of Dissolution with the State
  • Informing the IRS as well as local and state taxes agents of the dissolution
  • Preparing and filing final federal, state and local tax forms
  • Canceling any and all business licenses
  • Informing your landlord of the dissolution if you lease your premises
  • Notifying all creditors of the dissolution
  • Selling remaining business assets
  • Settling all creditor claims and debts
  • Distributing remaining assets among stakeholders

Read Thrift McLemore Blog Posts about Business and Corporate Dissolutions

    Have a Query?

    Need more information or have legal questions? Contact us directly at 678-784-4150.

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    Atlanta

    • 1000 Parkwood Cir. SE, Ste. 900 Atlanta, GA 30339
    • Tel: (678) 784-4150
    • Fax: (678) 784-4001

    Fayetteville

    • 320 West Lanier Ave. Fayetteville, GA 30214
    • Tel: (678) 784-4150
    • Fax: (678) 784-4001

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    • Tel: (954) 281-5578
    • Fax: (954) 281-5568

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    • 225 Creekstone Ridge, Ste. 500 Woodstock, GA 30188
    • Tel: (678) 784-4150
    • Fax: (678) 784-4001
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