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What is "Judicial Dissolution"?

When dealing with corporations, partnerships, and limited liability companies "judicial dissolution" relates to a court ordered dissolution. Typically when faced with a partner, shareholder, or member dispute, one "partner" may start a lawsuit - typically by order to show cause - seeking the dissolution of the corporate entity. The standards for judicial dissolution vary for partnerships, corporations, and limited liability companies.

Charles Internicola

by Charles Internicola
National Business and Franchise Lawyer

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