Los Angeles Business Dissolution Attorneys
If your business is winding down, you must dissolve your corporation in order to stop paying future taxes and fees to the state of California. There are many issues that can lead to the dissolution of a company. Sometimes, the closing of a business can be a fairly straightforward procedure. In some cases of business dissolution, disputes arise and an experienced Los Angeles business attorney can be a key factor in achieving the best possible outcome in a timely manner.
If you are part of a business partnership or investor group in Los Angeles, or if you are a sole proprietor who is closing down a business, schedule a consultation with Boyd Law today. The business law attorneys at Boyd Law are knowledgeable with many years of experience helping people avoid legal and financial troubles that can result when partnerships dissolve, leaving debt, property ownership, disputes and contractual obligations on the table. Our attorneys will find the unique resolution you are looking for.
At Boyd Law we handle the most complex issues related to business divorce and partner dissolution including:
- Professional practice dissolution or spin-off operations
- Investor and shareholder disputes
- Business partnership dissolution
- Business debt collection services
- Breach of contract litigation
- Commercial real estate lease responsibilities
- Property ownership disputes
Business entities registered with the California Secretary of State (SOS) can dissolve, surrender, or cancel their businesses in California as follows:
- Domestic corporations (those originally incorporated in California) may legally dissolve.
- Foreign corporations (those originally incorporated outside California) may legally surrender.
- Limited liability companies and partnerships (both domestic and foreign) may legally cancel.
Businesses dissolve, surrender, or cancel when they are ceasing operations in California and need to terminate their legal existence here.
The consequences of a business dissolution can be severe. Owners face losing income, equity, and a business. In addition, the dissolution of a business partnership can lead to significantly adverse tax consequences.
The attorneys at Boyd Law are experienced in successfully guiding clients to prevent or minimize the loss of assets in the event of a business dissolution. Our attorneys work with clients engaged in general partnerships, limited partnerships, corporations and limited liability companies to protect their interests and minimize losses if they end a business relationship.
Asset Value and Limiting Future Liability
We understand that both financial and personal concerns may be important to you in a business dissolution. We are prepared to hear you out and offer in-depth, straightforward counsel on matters including:
- Fair and equitable division of valuable business assets, as well as debts and other liabilities your business has incurred.
- Targeting amicable, just resolution of a partnership dispute when shares and interests are held by two or more business partners
- Interpreting all existing legal agreements, including personal guarantees, and coming to terms on a business dissolution that protects your own and your family’s future
- Keeping doors open for a new venture and business formation by minimizing alienation of customers and helping you avoid unnecessary liabilities
As an established Los Angeles business law firm, we represent clients in relatively simple partnership and professional practice dissolutions as well as more complicated matters involving the valuation and distribution of assets in family partnerships and other closely held business interests. We have the extensive experience and proven skills necessary to advocate for your interests both at the negotiation table and in the courtroom. The quality and continuity of representation you will receive at Boy Law reflects our commitment to providing individual attention and personal service to our valued clients.
Whether you are on the verge of forging a new business relationship or facing the disbanding of an existing partnership, contact Boyd Law today at 310-777-0231 for a free consultation and to ensure your interests are fully protected.