corporate dissolutionCan a Sub-S corporation with moreliabilities than assets dissolve thecorporation without first goingbankrupt?Thank...

Question

corporate dissolution

Can a Sub-S corporation with more

liabilities than assets dissolve the

corporation without first going

bankrupt?

Thank you

Answer

Re: corporate dissolution

In many cases, there is no need to formally commence or execute dissolution under the statutory procedure.

I would want to review your situation to advise, but unless :

1) There are valuable assets to protect of

2) YOu have personally guaranteed debts of the Sub-S Corp, there may be no necessity to go through dissolution OR file BKY.

Call or email for further assistance.