Question
Xavier and Ciara form a corporation to provide cleaning services to local businesses. After two years of trying to make a go of the business,
Xavier and Ciara form a corporation to provide cleaning services to local businesses. After two years of trying to make a go of the business, the profits they had hoped for are just not there. Xavier and Ciara decide to dissolve the corporation and go their separate ways. To terminate the corporate entity, Xavier and Ciara must: file articles of dissolution with the state and notify the creditors of the corporation of the dissolution within 120 days of filing the articles of dissolution. file articles of dissolution with the state and notify the creditors of the corporation of the dissolution within 30 days of filing the articles of dissolution. file articles of dissolution with the state, notify the creditors of the corporation of the dissolution, and establish a date (at least 120 days after the date of dissolution) by which all claims against the corporation must be received. file articles of dissolution with the state.
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