What will happen if American companies voluntarily dissolve and cancel?

Most state company laws contain provisions on company dissolution, including a series of reasonable provisions regulating company dissolution: before the business of an American company starts, the registrant or the first director decides to dissolve the company, and at any time, the shareholders agree to dissolve the American company. The legal procedure for the dissolution of American companies is: firstly, the board of directors of American companies decides whether to adopt the proposal for dissolution of American companies, and then it is discussed and passed by the shareholders' meeting. Among them, the board of directors plays the role of "gatekeeper".

The company laws of some states require that the notice of dissolution of American companies should be issued first, then the business and affairs of American companies should be terminated after a period of time, and finally the dissolution documents of American companies should be issued. In other states, when the business and affairs of an American company end, it is only necessary to issue a document to dissolve the American company. Although different States have different regulations, each state requires that creditors must be notified and all pre-season taxes must be paid before American companies are dissolved.

Although shareholders have the right to voluntarily dissolve American companies, this right is naturally limited, especially when it is unfair to minority shareholders or the purpose is to crowd out minority shareholders. When the purpose of dissolving an American company is to restrict some shareholders from sharing the profits of the American company, or the dissolution of the company is not to end the company's business, but to transfer it to another new American company, which is owned by some but not all the original shareholders, this kind of dissolution of the American company should be restricted.