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Corporation Dissolution / LLC Dissolution

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Rick   wrote on : Wed Sep 29th,2010   Back to Article

Our S Corp in CA. is failing and is essentially insolvent. There are three shareholders. President 25%, Vice-President 50%, Secretary/Treasurer 25%. At our recent annual board meeting I (President) motioned to petition for dissolution. The Secretary and I voted in favor, the Vice-President opposed. The Vice President indicated verbally that he would fight the motion. Does the vote constitute a majority and do we then have the right to file the petition?

Reply :
Dear Rick,

Thanks for choosing for your business needs. Please use the following link to read the article regrading dissolving a company:

If you want to use our services to dissolve your corporation please use the following link:

If you have any question or concern please do not hesitate of contact us at 516.822.3100 or an email at

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