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 ARTICLES of DISSOLUTION of a CORPORATION in Gov 2017-2025

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welcome to learn about law my name is Kevin o Flaherty from O'Flaherty law and today we're going to talk about dissolution of corporations in Illinois talk about how to dissolve a corporation why you should dissolve a corporation and the difference between involuntarily dissolving a corporation and voluntarily dissolving a corporation [Music] start by talking about the difference between voluntary dissolution and involuntary dissolution a corporation can be involuntarily dissolved by a court order if creditors filed suit against the corporation or by the secretary of state if the corporation fails to file its annual report if the corporation is involuntarily dissolved than any creditors seeking that have corporate debts can pursue the directors and officers of the corporation after the dissolution of the corporation for personally the they'll basically make the directors and officers personally liable for corporate debts if the corporation is improperly or invol

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