Board Certified in Real Estate Law by The Florida Bar
Rated for Super Lawyers by Thomson Reuters
Rated by Avvo
James Martin AV Preeminent 2022

What Does It Mean When an Entity Is Dissolved?

James W. Martin

Dissolution is a term indicating that an entity’s legal existence is coming to an end. This can occur in a number of ways. The most common is when the shareholders of a Florida corporation, members of a Florida LLC, or partners of a Florida partnership mutually agree to dissolve the entity by filing documents with the Florida Division of Corporations.

Another common form of dissolution is when the Florida Division of Corporations administratively dissolves an entity for failing to file its annual report. This can result in personal liability to the business owners, unintended tax consequences, and litigation.

Therefore, whenever dissolution is contemplated or occurs, Pinellas County business attorneys should be consulted.

Get in Touch

Fill out the contact form or call (727) 821-0904 to schedule your free consultation.
  1. 1 Free Consultation
  2. 2 Over 40 Years of Experience
  3. 3 Video Conferencing Available

Leave a Message

Disclaimer