Several clients had entities with little or no purpose, so we began the dissolution and termination process. In addition to starting the statute of limitations on potential claims and limiting the potential for fraud, cleaning up your corporate structure will make it easier to administer of your affairs upon a death or disability and avoids the necessity of filing under the new Corporate Transparency Act. Now is a great time to dig out those old entities and formally merge, dissolve or terminate them.
The post February 2024 Corporate Dissolutions appeared first on DeAngelis Legal.