At Hakim & Zafar, CPA Advisory Services, we work side-by-side with our clients and tailor our services to fit their specific needs. We combine personal attention and access to the highest levels of technical expertise and specialized knowledge. Timely communication and responsiveness are hallmarks of our client relationships. All of these attributes support our objective of helping you reach your financial goals.

Dissolving a Business

Dissolving a business is just as important as starting one. Making the decision to cease operations can be hard and stressful one, but the job can be even more complex and have long lasting ramification to owners if it’s not managed properly.

Depending on the type of entity, dissolving a business can be simple or complex. Factors that impact complexity include:

  • Number of stakeholders are a part of the business and disputes that may arise
  • Split between majority/minority of owners
  • Nature of assets that must be sold
  • Need to wind-down debt with creditors

Also, certain tax requirements that must be met when dissolving a business entity as well as filing necessary dissolution documents with the state. Every business dissolution is unique, and

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