While some businesses continue operations in perpetuity, other companies may need to restructure or even close their doors and cease operations entirely.
Ending a business is not as simple as discontinuing operations in most cases, especially if your current business has been operational for a length of time or if you seek to restructure its status.
Business affairs must be wound up, debts paid and employees’ and shareholders’ rights protected in accordance with the law. At Sepahi Law Group APC, our attorneys are experienced in assisting and counseling both large and small businesses the dissolution or reorganization of their operations. Call today to learn more about how we can help your business.
An Advocate You Can Trust in Business Dissolution
Companies considering dissolving or restructuring should begin the process by consulting with a legal professional. At Sepahi Law Group APC, our dissolution lawyers will explain the process of winding up the affairs of your business and will help you to make strategic choices that facilitate its long and short-term financial and professional goals.
The process of dissolving your business can vary depending upon factors including:
- How your company is structured: S-corporations, C-corporation, partnerships and other business entities each have different step to take to discontinue operations. Publicly traded corporations also face many complications that smaller private business entities do not experience
- The purpose of the dissolution: A company may dissolve through a Chapter 7 or Chapter 11 bankruptcy; as a result of shareholder litigation; because of the death of primary owners; because the business is no longer profitable or desirable; or for many other reasons. The process of dissolution differs for a company that wants to restructure versus one that wants to discontinue operations entirely. Our attorneys can advise you on the feasibility of restructuring your business versus starting fresh with a new venture.
- The rights of business owners. Shareholders and/or co-owners in a business have both legal rights and legal obligations when a business dissolves. The more co-owners the business has and the more difficult it is to value the business’ assets and interests, the more complex the dissolution process will be.
These are just some of the myriad factors that can shape the process of dissolving your business.
How our Business Dissolution Attorneys in San Diego Can Assist You
At Sepahi Law Group APC, our experienced business dissolution attorneys in San Diego have helped many businesses, including out state entities, wind up their affairs and to restructure or move on to become entirely new business ventures. We can provide you with available options to dissolve and wind down operations.
Call or contact us today to schedule a consultation with a member of our legal team and learn how we can assist you in closing the chapter on your current company and moving on to better and brighter things in your future.