Company dissolution
Company dissolution winds up a Company that no longer holds a business, filing final returns and its certificate while every record stays.
Company dissolution winds up a Company that no longer holds a Startup, filing final returns and its certificate while every record stays.
Contract
| Clause | Terms |
|---|---|
| Starts | A sale or merger leaves the Company with no Startup. |
| Precondition | Every Startup has already moved through Startup transfer. |
| Signs | The board and stockholders consent (Governance). An officer signs the final returns (Sworn filings). |
| Steps | Settle debts, file final returns, withdraw each state registration, then file the certificate. |
| Records | Kept. A dissolved Company is a state of the record, never a deletion. |
| While held | Never. The Studio-held entity stays. |
Verbs
| Verb | Object | Event |
|---|---|---|
| Company.dissolve | Company | Company.dissolved |
Interfaces
Upstream
filings.legal, under an Agreement.
Example
A Company that held one translation-memory API sells the Startup to a larger buyer. Final returns file within 60 days, two state registrations are withdrawn, and the certificate of dissolution is recorded a month later.