Trusted. Insightful. Experienced.

Dissolution of a Corporation - Distributions to Shareholders

One of our customers that owes us money sent me a notice that they are dissolving. Can the shareholders of the dissolving corporation take the assets of the corporation without paying us? A dissolving corporation is required to make adequate provision for its debts, liabilities, and obligations, before any remaining assets can be distributed to shareholders. You will want to monitor this situation and attempt to get additional information from the corporation. A lawsuit may be required if you do not get prompt and complete responses to your requests for additional information.

Categories: Business Law


We recommend The Gallagher Law Firm if you are looking for a group of attorneys that understand the real business world that we all live in. We need a firm that prioritizes our needs for a fast response time as well as giving you solid knowledge that…”
– D. Preston, Capital Steel & Wire Inc.

Read More From Our Clients

For More Information

  • This field is for validation purposes and should be left unchanged.