My company is located in WI. I have 100% ownership in this S-Corp. Due to the current market, I will have to close doors. I have not had any income for quite awhile; therefore, I will be dissolving my company. I am inquring how this will affect the companies outstanding liabilities? Specifically; I have a previous employee I have been making monthly payment to for past wages. Does the dissolving of the company clear all outstanding liabilities or will I have to file bankruptsy for the Business?
I have very little assets, only office equipment and supplies.
Any assistance in this matter would be greatly appreciated.
Thank you.
I have very little assets, only office equipment and supplies.
Any assistance in this matter would be greatly appreciated.
Thank you.