Firm Dissolution
To dissolve a company, which is also known as ‘dissolution’ or ‘striking off’, is a way of closing down a company by removing its name from the official register held at Companies House. Once the name is removed from the register, the company no longer legally exists. Dissolving a company means to officially and formally close the business. While ceasing operations is part of this process, there's more to dissolving a business than just locking the front door.
Dissolution is the last stage of liquidation, the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed. Dissolution of a partnership is the first of two stages in the termination of a partnership.
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