After dissolution, the corporation must cease carrying on its business except as is necessary to wind up.

Name: After dissolution, the corporation must cease carrying on its business except as is necessary to wind up.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

After dissolution, a corporation is expected to cease its regular business operations and focus solely on activities necessary for winding up its affairs, such as paying debts, distributing any remaining assets to shareholders, and completing any final legal obligations.

After Dissolution, the Corporation Must Cease Carrying on Its Business