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What is the difference between dissolving and liquidating a company

The liquidation of a company does not require a formal dissolution.

This form is often called a "certificate for withdrawal," or something similar.For every additional state, the corporation must register as a "foreign" or out-of-state entity.Corporations, by definition, have perpetual existence, meaning they will continue to exist even if shareholders, owners, or board members change or die.The state where the corporation is originally formed is the business's home state or domicile.A corporation then has the option to do business in other states, but must register as a foreign entity in these states in order to do so.A business may do this if it wants to keep the legal identity of a business for use in another venture.For example, the business may have a name with strong brand recognition that it wants to preserve or may simply want to reuse the current legal structure between the owners for a new venture. Her work has been published in "Entrepreneur," "Complete Woman" and "Toastmaster," among many other trade and professional publications.If a corporation wants to stop doing business in these other states, it may "withdraw" its business there.If it wants to stop doing business completely, it must "dissolve" in its home state.A corporation begins by registering in the state where the business has its headquarters.After that point, the corporation may decide to do business in other states.

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