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Mansfield Business Dissolution Lawyer

Roquemore Skierski provides Mansfield business owners with guided business dissolution assistance. 

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Mansfield Business Dissolution Lawyer

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Mansfield Business Dissolution Attorneys

Business dissolution is the formal legal process used to bring a business entity to an organized close. Companies in Mansfield may dissolve for many reasons, including ownership transitions, long-term strategic changes, governance disputes, or compliance issues. Whether the dissolution is intentional or arises from operational pressure, the process carries legal, financial, and procedural responsibilities that require thoughtful planning and reliable legal support.

 

Roquemore Skierski PLLC’s Mansfield business dissolution lawyers assist owners, executives, and investors throughout southern Tarrant County and nearby communities. Our clients are typically hands-on leaders who understand their businesses deeply and depend on practical guidance that helps preserve their interests during a significant transition.

 

When our firm manages a dissolution matter, we focus on clarity, structure, and informed decision-making. Whether you need defensive representation or a carefully planned wind-down, we design strategies that reflect your business’s operational and financial realities. We understand that the outcome matters. Your financial exposure, reputation, and long-term opportunities rely on a thorough and compliant dissolution process.

What business dissolution involves

Business dissolution is the legal termination of an entity under Texas law. Owners may initiate the process voluntarily, or the business may face involuntary dissolution due to noncompliance or court action. Once complete, the entity no longer incurs franchise taxes, filing responsibilities, or statutory obligations.

 

For Mansfield businesses, dissolution typically requires coordination with the Texas Secretary of State, closure of state tax accounts, and communication with lenders, landlords, and vendors. Merely stopping operations does not eliminate liability. Until the statutory steps are completed, the business continues to accrue obligations and exposure.

The Steps required to shut down a company

Closing down a company generally involves three primary phases:

  • Legally dissolving the business with the state of formation
  • Winding up the company’s remaining affairs
  • Closing out and distributing assets to owners or investors

Once the decision to dissolve has been approved, the winding-up process begins. During this phase, the company collects receivables, resolves creditor claims, evaluates leases and service contracts, and issues final payments to employees. Owners should reconcile accounts, retain required records, and address secured obligations so that liens may be released.

 

Only after debts and liabilities have been fully resolved should any remaining assets be distributed in accordance with the operating agreement, bylaws, or partnership agreement. Mansfield businesses may also need to close sales tax and payroll accounts, terminate assumed names filed in Tarrant County, and withdraw from other states where the business maintained registrations.

How voluntary and involuntary dissolution differ

Voluntary dissolution happens when owners choose to close the business following the procedures outlined in the governing documents. Involuntary dissolution occurs when the state or a court mandates closure due to compliance failures, disputes, or governance issues.

 

Administrative or involuntary dissolution may result from missed filings, loss of good standing, or failure to maintain a registered agent. Even after involuntary dissolution, the entity typically retains the authority to wind up its affairs, although reinstatement deadlines may apply. Voluntary dissolution allows owners to prepare, negotiate obligations, and complete the process with more control and predictability.

How long does it take to dissolve a business in Mansfield?

Dissolving a Texas business occurs in two phases. The first involves winding up internal operations, which may last several weeks or months depending on the complexity of the business and the number of outstanding obligations. The second phase is filing the Certificate of Termination with the Texas Secretary of State, which is typically processed within a few business days once tax clearance is obtained.

 

The overall timeline is influenced by the speed at which the company resolves liabilities, receives Comptroller clearance, and withdraws from any states where it was registered to operate. Mansfield businesses with multi-state operations should allocate additional time for these steps.

What happens to debts and contracts after a business dissolution

Dissolving a business does not eliminate existing financial or contractual responsibilities. Creditors may still pursue payment, and contracts such as leases or service agreements remain enforceable until formally released or renegotiated. Many agreements include survival provisions that extend confidentiality, indemnity, or intellectual property obligations beyond dissolution.

 

Mansfield business owners should review agreements to +determine whether obligations can be reassigned, negotiated, or terminated. Personal guarantees usually remain enforceable. Ensuring that liens are released and secured obligations are satisfied helps prevent future disputes and reduces personal exposure.

Our Mansfield business dissolution lawyers help businesses and partnerships make a clean break

  • Partnership Divorce

Partnership divorce occurs when business partners part ways due to conflict, strategic differences, or long-term changes. This process may involve distributing assets, addressing liabilities, and restructuring operational responsibilities. Roquemore Skierski PLLC assists Mansfield clients in protecting their interests and negotiating enforceable separation terms.

  • Voluntary Dissolution

Voluntary dissolution takes place when owners intentionally wind down operations because of retirement, strategic shifts, or market conditions. Proper handling reduces liability and ensures compliance with Texas law. Our attorneys guide clients through each procedural step.

  • Involuntary Dissolution

Involuntary dissolution arises when a business is required to close due to regulatory noncompliance, internal disputes, or legal action. Without structured planning, these situations can become disruptive and costly. Roquemore Skierski PLLC helps Mansfield businesses address involuntary dissolution while protecting ownership interests.

  • Judicial Dissolution

Judicial dissolution occurs when a court orders the closure of a company due to deadlock, oppressive conduct, or operational breakdown. These matters often involve valuation disputes, control issues, and contested ownership rights. Our attorneys represent clients pursuing or defending against judicial dissolution.

  • Dissolution by Expiration

Some companies automatically dissolve once the duration listed in their formation documents expires. Even when dissolution occurs by expiration, owners must still complete the winding-up process and satisfy remaining legal obligations. We assist clients in completing these steps accurately and efficiently.

  • Administrative Termination

Administrative termination occurs when the state dissolves a business for missed filings, unpaid fees, or loss of good standing. This may affect financing, contracts, and operational continuity. Roquemore Skierski PLLC helps business owners correct compliance issues, pursue reinstatement when possible, or complete an orderly closure when reinstatement is not feasible.

Attorney Doug Skierski

Doug Skierski

Business Dissolution Attorney

Case Results

Mergers & Acquisitions, Business Sale

Our client, an owner operator, engaged us to negotiate and execute the sale of her hospice in Mequite, Texas to a national entity for $450,000. We coordinated due diligence and sucessfully negotiated the final terms of a deal and transition, so patient care continued without interruption and existing staff remained in place. 

Partnership Dispute, Misuse of Funds

Our client started a retail business with two partners. Without his knowledge, his partners excluded him from ownership paperwork and used his personal credit card to cover business expenses, and charged nearly $25,000 to the account. After filing a demand letter and TRO, our client was able to recover the misused funds. 

Commercial Real Estate, Breach of Contract

Our client, the largest tenant in a development, signed a lease with landlord who subsequently sold the property to a new landlord. The new landlord harrassed our client and fabricated a reason to terminate his lease, destroying our Client’s business. Roquemore Skierski was hired to collect damages.

Breach of Contract, Failure to Pay

Our client entered into an agreement with the defendant to perform fulfillment services for a fee. Despite a clear obligation, the defendant breached the contract by failing to pay. Roquemore Skierski was been retained to collect what was due under the contract, including damages, unjust enrichment and promissory estoppel. 

Commercial Real Estate, Failure to Pay

Our client, a commercial landlord, settled with a former tenant who breached his lease with an executed agreed judgement. The tenant subsequently breached the terms of his settlement, and Roquemore Skierski was hired to handle the post-judgment collection of the amounts due under the judgment.

Mergers & Acquisitions, Failure to Pay

Our client, a physician, sold his practice and LLC by a promissory note and purchase agreement for $682,000. After closing the deal, the buyer defaulted on their promissory note and failed to make payments. Roquemore Skierski PLLC was hired to enforce the contractural rights, including damages, under the transaction documents.

Commercial Real Estate, Lease Default

Our client, a physician, sold his medical practice, but continued as the landlord to the practice as he owned the building. The buyer of his practice and new tenant defaulted on a 20 year lease after two months. Roquemore Skierski was hired to enforce the lease agreement and collect monetary damages for the breach of contract.

Breach of Fiduciary Duty

Our client invested $50,000 with an investment advisor, who subsequently stopped communicating with clients. Roquemore Skierski was hired to bring claims of fraud, breach of fiduciary duty, and breach of contract, and secured a judgment against the advisor for principal paid, the promised return on investment, and attorneys’ fees.

Breach of Contract, Failure to Pay

Our client, a large corporate contractor, performed fiber optic work pursuant to a sub-contractor agreement with a general contractor. The general contractor withheld funds of $200,000 for the work our client performed. Roquemore Skierski was hired to enforce our clients’ contractual rights against the general contactor.

Defense Against TRO

Our client, a commercial lender purchased a defaulted $485,000 note and deed of trust from the originating lender. Upon noticing foreclosure, the debtor filed a lawsuit claiming wrongful foreclosure and secured a TRO. Roquemore Skierski was hired to defend the lawsuit and respond to the TRO, which had dissolved.

Breach of Fiduciary Duty, Fraud

Our clients entered into a startup business to buy and sell real estate. The parties secured a loan to fund operations, which the defendant immediately diverted to a separate company. Although he initially repeatedly promised to return the money, he stopped responding to our clients. Roquemore Skierski was hired to recover the stolen funds.

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Navigating a business dissolution is difficult

Roquemore Skierski PLLC provides structured guidance to businesses throughout Mansfield and surrounding communities that are preparing for dissolution. Our attorneys understand the legal, financial, and operational challenges associated with winding down a business and work to protect long-term stability.

 

We combine legal insight with a customized approach to ensure that each dissolution plan fits the client’s needs and circumstances. Our goal is to help business owners retain control, preserve value, and move forward with clarity.

 

Whether you are initiating a voluntary closure or responding to a forced shutdown, our Mansfield business dissolution lawyers can guide you through the process. We help Texas business owners review their options, address disputes, and complete a compliant and organized exit.

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While our business litigation attorneys are based in Downtown Dallas, we proudly serve clients in and around Addison, Carrollton, Cedar Hill, Coppell, DeSoto, Farmers Branch, Flower Mound, Forney, Garland, Grand Prairie, Grapevine, Highland Park, Irving, Oak Cliff, Richardson, Rockwall, Rowlett, Royse City, University Park, and the surrounding area. Whether your company is facing a contract dispute, partnership conflict, or other commercial challenge, we deliver strategic counsel and strong representation across the DFW Metroplex.