'''Corporate dissolution''', also known as '''corporate wind-down''', refers to the formal process of closing a business entity. Dissolving a company may take several months, involve legal assistance, incur significant costs, and be emotionally taxing. The need to settle outstanding [[taxes]] and liabilities adds to the complexity.<ref name="sba">{{cite web |url=https://www.sba.gov/business-guide/manage-your-business/close-or-sell-your-business |title=Close or Sell Your Business |publisher=U.S. Small Business Administration |access-date=2024-08-04}}</ref>
Dissolving a corporation is governed by the laws of the jurisdiction in which the entity is incorporated, and broadly involves ensuring that all legal, financial, and operational obligations are settled before the company ceases to exist.<ref>{{cite web |title=What is corporate dissolution vs. withdrawal? |url=https://www.wolterskluwer.com/en/expert-insights/corporate-dissolution-vs-withdrawal |website=www.wolterskluwer.com |access-date=20 February 2025 |language=en |date=14 April 2023}}</ref><ref>See, e.g., {{cite web |title=Dissolution Process |url=https://corpfiles.delaware.gov/Corp_Forms/Dissolution%20-%20275.pdf |publisher=Delaware Division of Corporations |access-date=20 February 2025}}, {{cite web |title=Closing a California Business Entity |url=https://www.ftb.ca.gov/about-ftb/newsroom/tax-news/june-2021/closing-a-ca-business-entity.html |website=Franchise Tax Board |publisher=State of California |access-date=20 February 2025 |date=June 2021}}</ref>
== See also == * [[Bankruptcy]] * [[Judicial dissolution]] * [[Liquidation]]
== References == {{reflist}} {{Law-stub}}
[[Category:Business law]] [[Category:Corporate law]] [[Category:Corporate finance]] [[Category:Corporate governance]] [[Category:Management]] [[Category:Business ethics]]