Business Dissolution Serving Businesses Throughout Ohio and California

Cincinnati Business Dissolution Attorney

If you are closing your business for any reason, you ought to do so with care. Business dissolution is not as simple as just closing up shop and walking away. You must properly complete numerous steps, from notifying creditors and filing final tax returns to accounting for all assets and liabilities. Missteps could result in legal action against you or your partners, putting personal finances at risk.

Fortunately, you do not have to navigate dissolution on your own. Kinetic Law is here to provide direction in the twilight of your corporation or limited liability company (LLC). We offer the support of skilled Cincinnati business dissolution attorney Paul H. Spitz. As a successful entrepreneur and businessman in his own right, Attorney Spitz can leverage his extensive experience to help you properly dissolve your company and move forward with confidence.

To learn more about the services we provide, schedule a consultation. We can conduct these initial meetings and subsequent others virtually—after all, our aim is to provide accessible, modern solutions that meet the demands of modern business owners.

Get the support of Kinetic Law by calling (513) 450-9010 or reaching out online. We proudly serve clients throughout Ohio from our Cincinnati office.

Reasons for Business Dissolution

A business may need to be dissolved because it is no longer generating enough revenue to cover expenses or has lost its foothold in the market and cannot remain competitive. In the same vein, some ventures may become insolvent, requiring dissolution to satisfy outstanding debts.

Of course, dissolution does not always stem from business challenges. An owner may choose to dissolve a business when they are ready to retire and do not have a successor to take over its operations. Health issues, divorce, or a long-distance move may also necessitate dissolution.

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Paul was very knowledgeable, prompt and his costs are reasonable. He broke legal matters down to make them more easily understood. I highly recommend him.

- Patrick S.
Paul has been really helpful and made the experience of starting a company more smooth. I guess I lucked out in working with my first lawyer on incorporating my company.

- Former Client
Paul was professional, courteous, and beyond knowledgable and patient for my legal matters. He helped me navigate some complex documents and made it so incredibly easy and time + cost efficient.

- Ali A.
Great resource to have! Paul has been super responsive and quite affordable compared to the multiple options I reviewed.

- Former Client

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Business Dissolution Steps

It is important to note that many dissolution steps vary depending on the business type. For instance, initiating the dissolution of an LLC requires members to vote in approval. On the other hand, dissolving a corporation must start with board member and shareholder approval.

So, what steps are shared? Regardless of the business type, you must do the following:

Notify creditors and settle outstanding debts
Filing final tax returns
Cancel business licenses, permits, and registrations
Sell or transfer assets
Complete employee termination procedures

Common Challenges During Dissolution

The above may seem ostensibly straightforward. As with virtually all other areas of business law, however, dissolution is not without challenges.

Our experienced attorney has helped businesses overcome roadblocks, including but not limited to:

Disputes among business partners or shareholders concerning dissolution procedures and asset distribution
Issues with paperwork timeliness and/or proper completion
Incomplete accounts of assets and liabilities
Problems stemming from employee and vendor contracts
Legal actions by creditors, employees, or other parties

Are There Alternatives to Dissolution?

If your business is struggling but not necessarily on the brink of insolvency, there may be alternatives to dissolution. For example, you could explore options such as restructuring or merging with another company. As another example, bankruptcy could provide some much-needed relief. Before pursuing these alternatives, consulting a dependable attorney is advisable.

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Trust Kinetic Law for Support through Business Dissolution

Is dissolution something you are considering for your company? Before you make any moves, turn to Kinetic Law. We can help you determine whether dissolution is truly the best course of action and, if so, guide you through each step. From start to finish, you can count on us for innovative advice and approaches to simplify every possible aspect of dissolution. Arrange a consultation to discover how we can support you.

Speak with an experienced and savvy Cincinnati business dissolution attorney at your convenience by calling (513) 450-9010 or contacting us online.

Serving A Range of Industries

We serve businesses in tech, e-commerce, manufacturing, consulting, and more, helping meet your unique needs.
Hands-On Strategic Support

Work directly with our attorney for strategic guidance built to navigate challenges and move your business forward.
Experienced Legal Advocacy

Drawing on years of working with startups and businesses, we help tackle legal needs efficiently and effectively.
Your Partner in the Journey

We take pride in being a resource you can rely on, supporting your business goals every step of the way.

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