# Dissolution

**IRI:** https://folio.openlegalstandard.org/RDrxE6R22Oc5nTiVjdjnuBr

## Labels

**Preferred Label:** Winding Down

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R73hoH1RXYjBTYiGfolpsAF

## See Also

- https://folio.openlegalstandard.org/R4v8Gjbx7j17UCiLuGL3mF
- https://folio.openlegalstandard.org/R90AYt0IrMV9s37PyaRx7EY
- https://folio.openlegalstandard.org/RCg1B2nsOeXLLmWDxZEu0ZF
- https://folio.openlegalstandard.org/RXOdr5IztYezpYhJ58WaKn

**Deprecated:** False