Learn about dissolution of corporations and the different ways they may be dissolved, the process and effects of dissolution, and what happens after dissolution (i.e., liquidation and winding up).
Welcome to our clip on dissolution of a corporation!
We just finished a clip on fundamental changes to the corporate structure, but there is perhaps no change more fundamental than the decision to dissolve the corporation. We’ll begin our discussion by defining dissolution and looking at the different ways a corporation may be dissolved. We’ll then turn to the process and effects of dissolution. Next, we’ll look at what happens after dissolution: liquidation and winding up. Let’s get...