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Involuntary Dissolution
The process by which a court orders the dissolution of a corporation against its will, usually due to fraud or harm.
Annual Franchise Tax
A fee or tax that a business is required to pay annually to remain registered and legally conduct business in a particular jurisdiction.
Legal Status
Refers to the lawful standing of an entity or individual, determining their rights, duties, and liabilities under the law.
Dissolution
The process of legally dissolving a corporation or partnership, involving the distribution of assets to creditors and shareholders, and concluding its affairs.
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