QUESTION
What type of lawyer do I need for corporation liquidation and dissolution processes?
Asked on Aug 18th, 2013 on Business Law - Texas
More details to this question:
My S-corporation is a doctor's office that is no longer financially viable. Employee tax penalties are under repayment plan with the IRS and some creditor debts remain. How do I close the business and pay the taxes (or do I complete the payment plan?); and liquidate inventory, etc. to pay creditors. Which is the best type of Lawyer to hire??
1 ANSWER
Wills and Estate Planning Attorney serving Sugar Land, TX
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Law Offices of Kimberly D. Moss, PLLC
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You need to wind up the internal affairs (pay outstanding debts, liquidate inventory, work out any outstnanding money due to any existing business partners, etc.). From there, you need to hire an attorney who specializes in business law to assist you in filing the appropriate certificate of formation with the Secretary of State of the state where your business was originally incorporated.
Answered on Aug 18th, 2013 at 3:02 PM