The law where a corporation is domiciled will control voluntary and involuntary corporate dissolutions. It's important to
Question:
The law where a corporation is domiciled will control voluntary and involuntary corporate dissolutions. It's important to follow the statutory procedures to voluntarily dissolve a corporation. Failure to do so can result in liability extending beyond the dissolution. It's also important to recognize events that will trigger an involuntary dissolution, principally so those events can be avoided. Once a dissolution occurs in either cases, a second step, i.e., liquidation or a winding up, must also follow prescribed statutory steps. In this assignment, you'll examine voluntary and involuntary corporate dissolutions.
Compare and contrast voluntary and involuntary dissolutions. Include events and approvals that precede the dissolution, and describe what happens after the corporation is dissolved, including the winding up process.
include at least two references.