Business
Dissolution

Closing a business partnership or dissolving a company involves navigating complex legal requirements, high-stakes financial considerations, and often emotionally charged negotiations. Gietzen assists clients throughout the dissolution process while addressing roadblocks that emerge.

How We Help with Business Dissolution

• Partnership and LLC dissolution — Handling specific requirements for dissolving these entities, settling accounts, and protecting members from ongoing liability
• Corporate dissolution — Managing shareholder disputes, asset liquidation, final tax filings, and statutory requirements
• Asset distribution and buyouts — Negotiating agreements and structuring distributions to protect financial interests
• Debt resolution — Addressing outstanding debts and creditor negotiations
• Litigation during dissolution — Pursuing or defending against claims involving fiduciary breaches or asset misappropriation

Required Actions Under California Law

California mandates specific procedures including filing dissolution documents with the Secretary of State, notifying creditors, settling debts, liquidating assets, filing final tax returns, and canceling licenses and permits.

Types of Business Dissolution in California

• Voluntary dissolution when owners agree
• Judicial dissolution when owners face deadlock
• Administrative dissolution for unmet filing requirements

Common Challenges

• Disputes over asset valuation
• Unresolved debts and pending litigation
• Improperly terminated contracts and employee agreements
• Tax filing errors
• Personal liability exposure