Corporate Dissolution

My pet store sells pet food and pet related prdoducts. Business is very bad and we want to close the store. We owe about $100,000 to vendors and about $4000 to gas and electric. We are a corporation. If we close our store what could they do to us?

I have a California S corp that is currently $750,000 in debt. I have a partner and 50% shares. I am CEO and want to file bankruptcy because all the loans have been called due immediately. We have no corp assets and no money. The building (partner owns) is going into foreclosure (doors have been closed since last July). Can I file bankruptcy as the CEO without my partner's approval? He wants to try to continue the business and I don't because we don't have any access to any more working capital. My partner (50% shares) does not want to file Chapter 7 bankruptcy. I have filed personal bankruptcy Ch 7. as the loans required personal guarantee. Can I resign as CEO before the partner can rack up more interest charges, penalties etc. If so, what do I do with my 50% stock, as he may not want it because he wants me to stay with the company that is a sinking ship.

I need a form to dissolve a LLC partnership. I am not dissolving LLC company.

We have a judgment against a contractor (corporation) following an arbitration. Appeal of the judgment just expired. Right after the arbitration award was issued in our favor, the owner moved assets from the subject corporation to another of his businesses which we believe is a fraudulent conveyance. The owner is allowing an automatic termination of the corporation by not filing an annual report with the state corporation commission. Our judgment will survive the termination under Va. Code Section 13.1-755, but the corporation can no longer be sued (it appears). Can we still move to have the fraudulent conveyance reversed or would that be considered suing the corporation after it no longer exists? Or, could it be considered part of collecting the judgment? For example, could we claim that the cause of action arose prior to the termination since the fraudulent conveyance occurred right after we obtained the award in arbitration? See 413 S.E.2d 605 (Va. 1992) for construction of this section of the Code. We would prefer to have an attorney handle these matters, but we are out of funds and must pursue the judgment ourselves.

A person formed a corporation and filed the necessary documentation, but he never actually conducted any business as a corporation. If the corporation never actually conducted any business, or if the corporation has ceased to do business, is it necessary to dissolve the corporation?