What does it mean when a company is dissolved?

Answer 1

Several things:

1. The company is no longer trading
2. The company no longer exists as a legal entity in its own right
3. Assets are liquidated, creditors paid (in specific order if insuffient to satisy all)
4. The directors are no longer limited by guarantee if they DO trade under the guise of the company.
5. No further return forms are due for tax / vat etc

if a firm just "stops trading" it might go dormant instead of dissolving. A company that is dormant (doing nothing) can become active again, a dissolved company cannot.

Answer 2

Dissolved Company

Answer 3

Dissolved Definition

Answer 4

It means it no longer exists as a company.

Usually companies are dissolved when they go broke. Someone called a liquidator sells off all their assets, takes his fee and distributes whats left between the people owed money.

A company can also be dissolved by voluntary winding up. They pay all their debts in full. Sell all the assets and distribute the money among the shareholders.

Answer 5

A Massachusetts corporation may be dissolved if that dissolution is authorized by a 2/3 vote of the shareholders, unless a greater or lesser percentage is provided for in the Articles of Organization of the corporation. Also in assachusetts, a corporation can be dissolved by William Francis Galvin, the Secretary of the Commonwealth, who deems your business worthless if you don't file an Annual Report for two or more years. No questions asked, no letter in the mail, just dissolved from the records of the commonwealth of Assachusetts. Technically by law, at that point you are no longer responsible for any of your outstanding Corporate debts or filings... real smart dude.

Answer 6

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RE:
What does it mean when a company is dissolved?

Answer 7

A dissolved company is one which is out of business.

Answer 8

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Answer 9

can a dissolved company still trade?. we have a quote. on checking them the company was dissolved three years ago.they are requesting a deposit.how do we stand legally and will our money be safe?

Answer 10

A company is dissolved for the following reasons - it is insolvent (it does not have sufficient assets to repay its liabilities), it is being merged with another company, it has ceased trading.