2006-06-14 16:42:24 · 5 answers · asked by Mike 2 in Business & Finance ➔ Small Business
i have to shoot myself...bang...aaaahhh.....iuiyiyviuvytyetyeiyirtrcyrctyrtyviuuuuuuuuuyvuvyteyevytyvryiyvrtv
2006-06-14 17:41:57 · update #1
There is nothing to dissolve; it is just a registered business name. Usually your state or province has a procedure where you can deregister the name, so it can be freed up for others to use. But, basically unlike a corporation, you can walk away from it and it will die a natural death.
2006-06-14 17:47:16 · answer #1 · answered by Angela B 4 · 1⤊ 0⤋
Just turn out the lights and put out the cat. If you are a sole proprietorship, there is no legal "entity" to dissolve. You just announce to your customers and vendors that you are closing your business, settle up your debts and terminate your contracts, and close. But if you are unable to settle your business debts that is another story, because as a sole proprietor you are personally responsible for all of them. In that case you had better consult a bankruptcy attorney.
2006-06-15 01:47:55 · answer #2 · answered by Fogjazz49-Retired 6 · 0⤊ 0⤋
A sole propietorship is not a legal entity as far as I know. The only thing you would need to take care of is if you registered with your state, a DBA. Give the registering agency a call and find out what they require. Other than that you shouldn't need to do anything.
2006-06-15 00:06:39 · answer #3 · answered by smattering 2 · 0⤊ 0⤋
A sole proprietorship doesn't need to be dissolved, because it's not a separate entity from yourself.
Just start over again....
2006-06-15 00:26:10 · answer #4 · answered by Polymath 5 · 0⤊ 0⤋
You'll have to end your life.
2006-06-14 23:50:04 · answer #5 · answered by crutnacker 5 · 0⤊ 0⤋