When the officers of a business decide to shut down the corporation, the process of dissolution can be a tricky one. The Law Offices of Marc E. Wiener are here to help address and resolve all of the company’s debts and assets, and pays all creditors and shareholders.
In the process of dissolution, certain legal actions should be executed to assure that your assets are protected from any liability. For example, you should research whether you need to continue to purchase insurance to cover any product liability issues, you should file a bulk sale report if you are selling off inventory, and if you are planning to lay off employees, you will be required to give notice, provide insurance, and think about severance packages.
The Law Offices of Marc E. Wiener has years of experience helping Vermont businesses and we can help you exit gracefully when it’s time to close your doors.