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Step 1: Decide to close your business. Dissolving an LLC starts with making the decision to close. ... Your state's Secretary of State website or a business dissolution service, like LegalZoom ...
Liu conceived LegalZoom in 1999 after planning it with Brian Lee, his college friend from UCLA Law School. [8] Their goal was to create an online resource that would make basic legal resources available to anyone through the Internet.
LegalZoom was a nominee for the American Bar Association's 2005 Louis M. Brown Award. [18] In 2011, Business Insider ranked LegalZoom 27th on its list of the world's most valuable startups, [19] and in 2012, Fast Company ranked LegalZoom 26th on its list of the most innovative companies. [20]
Voluntary liquidation occurs when the members of a company resolve to voluntarily wind up its affairs and dissolve. Voluntary liquidation begins when the company passes the resolution, and the company will generally cease to carry on business at that time (if it has not done so already). [17]
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
The Container Store said late Sunday that it is filing for Chapter 11 bankruptcy protection after years of losses and declining sales.. The retailer, known for selling storage and organizational ...
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