Fort Worth And Burleson Purchase And Dissolution Agreement Lawyers

Unless you are a sole proprietorship, you can't dissolve a business by walking away. Corporations, limited liability companies and professional partnerships must follow certain procedures before going out of business. Lovelace Killen P.L.L.C. assists businesses in the planning and paperwork required in a business dissolution.

Effective Purchase Agreements And Dissolution Agreements

Before dissolving a corporation, it is necessary to obtain consent by its shareholders. Arrangements must be made with the IRS and the Texas Comptroller of Public Accounts. A dissolution agreement must include a list of all creditors and information on all monies owed. Remaining assets are to be distributed to shareholders. Articles of dissolution must be drawn up, and attached to the formal dissolution agreement.

Any error or omission in this agreement, or in a dissolution agreement for a partnership or LLC, risks the chaos of lawsuits and claims against assets.

Our business law attorneys assist business owners in the sale or of a business, the dissolution of a partnership, or the turnover of the business to the generation coming up. We provide business succession planning to protect families from losing the business that has been an important part of their lives.

If you are contemplating a major purchase, sale or dissolution of a family business, schedule a consultation with the attorneys at Lovelace Killen P.L.L.C. in Fort Worth, Texas. Let us inform you of your options, and chart a strategy to get you where you want to be. Call us at 817-349-6106, or email our lawyers a description of your situation.