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November 22, 2024 at 1:00 pm
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Company dissolution
The meaning of company dissolution attributes to a process of formally and officially closing the company. The ‘formally’ and ‘officially’ means that the company will no longer exist in public registers. There are multiple ways to close a company. Each way has slightly different process, but generally, dissolution is the natural result of any of these procedures. Two most common ways to dissolve a company are by liquidation or by bankruptcy.