Liquidation and Termination of Entities
Joseph B. Darby III was the speaker at a webinar entitled "Liquidation and Termination of Entities."
Mr. Darby addressed the necessary and appropriate steps that a business entity must take in order to wind up its business affairs to liquidate and terminate its legal existence. He covered all steps in the process, including formal dissolution, winding up the legal and business affairs of the entity, liquidating the entity, and dealing with common post-liquidation issues. Mr. Darby then reviewed and compared the steps necessary to liquidate a C corporation, an S corporation, an LLC, a limited partnership, and certain other business entities.