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DISSOLVING A CORPORATION Hello, my name is Justin Sterling. I am an Attorney and the Founder of The Sterling Firm. We are discussing how to dissolve a corporation. Many times business owners want to stop doing business together. This is what is typically called the business divorce. When you decide you want to close your business, you will need to do what is called dissolving and winding up your company. Dissolution is the process of officially ending the existence of the state-registered business entity, which will put it beyond the docHub of creditors and claimants. A corporation can be dissolved either voluntarily or involuntarily. The dissolution process is governed by state law. This publication focuses on California law. I. VOLUNTARY DISSOLUTION Voluntary proceedings for winding up the corporation can be commenced upon the adoption of a resolution by the shareholders or the directors of the corporation or by written consent of the shareholders. In California, it is not speci
