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Joe K. in Mentor, OH asks us, “I am shutting down my business. What is the difference between a dissolution and a cancellation?

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Joe K. in Mentor, OH asks us, “I am shutting down my business. What is the difference between a dissolution and a cancellation?

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Most states use the term “dissolution” to refer to termination filings for corporations. “Cancellation” usually refers to an LLC’s termination.

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