Winding Down

Dissolution - Dissolution is the process of legally dissolving a business entity, such as a company or nonprofit, involving the winding down of operations, settling of debts, and distribution of remaining assets. It marks the formal termination of the entity's legal existence and cessation of business activities.

Class Information

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Identification

Label (rdfs)
Dissolution
Preferred Label
Winding Down
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Definition and Examples

Definition
Dissolution is the process of legally dissolving a business entity, such as a company or nonprofit, involving the winding down of operations, settling of debts, and distribution of remaining assets. It marks the formal termination of the entity's legal existence and cessation of business activities.
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Deprecated
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