Roquemore Skierski provides Plano business owners with guided business dissolution assistance.
Practice Areas
Plano Business Dissolution Lawyer
Free Consultations | 100+ Years of Combined Experience | 24/7 Availability
Roquemore Skierski provides Plano business owners with guided business dissolution assistance.
Free Consultations | 100+ Years of Combined Experience | 24/7 Availability
Business dissolution is the legal process of formally ending or unwinding a business entity. Companies may dissolve for a range of reasons, including a planned transition, disagreement among owners, administrative compliance issues, or the expiration of the governing documents. Whether the closure is intentional or the result of internal pressure, dissolution introduces complex legal and financial responsibilities that require steady, informed representation.
Roquemore Skierski PLLC’s Plano business dissolution lawyers work with owners, executives, and investors across Collin County and throughout Texas. Our clients tend to be closely involved in daily operations and rely on practical legal guidance that reflects their priorities and helps them protect what they have built.
When we take on a dissolution matter, we focus on structure and clarity. Whether your situation requires defending your position or pursuing decisive action to secure your interests, we develop strategies grounded in real business conditions. We understand what is at stake. Your financial exposure, reputation, time, and future opportunities all play a role in how the dissolution is managed, and we work to safeguard them.
Business dissolution refers to the formal termination of a company’s legal existence in Texas. The process may begin voluntarily when owners choose to close the business, or involuntarily through administrative action or court involvement. Once completed, the entity no longer incurs ongoing obligations such as franchise taxes, state filings, or compliance penalties.
For Plano companies, dissolution typically involves notifying the Texas Secretary of State, closing all state tax accounts, and coordinating with lenders, vendors, landlords, and other parties with outstanding claims. Ending operations is not enough on its own. Until you complete each statutory requirement, the entity continues to accumulate obligations and risks that may affect owners long after operations have stopped.
Shutting down a business generally involves three primary steps:
Once the dissolution decision has been authorized, the winding-up period begins. This includes collecting outstanding receivables, addressing creditor claims, reviewing leases and service agreements, and issuing final compensation and benefits to employees. Business owners should reconcile accounts, store required records, and resolve secured obligations so liens can be released.
Only after all debts, liabilities, and contractual obligations are addressed should remaining assets be distributed according to the operating agreement, bylaws, or partnership agreement. Plano companies may also need to cancel assumed names in Collin County, terminate payroll and sales tax accounts, and withdraw from other states where the business maintained registrations.
Voluntary dissolution occurs when owners decide to close a business through a formal vote or written consent, while involuntary dissolution is triggered by a legal or administrative action, often due to noncompliance or internal deadlock.
Administrative or involuntary dissolution can occur when a company fails to file franchise tax reports, maintain a registered agent, or comply with state requirements. Even after this action, the entity typically retains the authority to wind up, though reinstatement deadlines may apply. Voluntary dissolutions allow owners to prepare, negotiate final obligations, and minimize future risk through a planned and organized exit.
The winding-up phase may take several weeks or months depending on the complexity of the business, its outstanding liabilities, and the cooperation of financial institutions or counterparties. Filing the Certificate of Termination usually takes only a few business days once tax clearance is secured.
The total timeline depends on how quickly tax accounts can be closed with the Texas Comptroller, how long it takes to resolve outstanding debts, and whether the business must withdraw from other states. Plano businesses with multi-state operations should expect additional time to complete foreign withdrawals and prevent future annual fees.
Business dissolution does not eliminate existing obligations. Debts, leases, and contractual agreements remain enforceable until they are resolved or formally terminated. Creditors may still seek recovery, and many commercial contracts contain survival provisions covering confidentiality, indemnity, intellectual property, or dispute-resolution terms that continue after dissolution.
Plano business owners should review contracts to determine whether they can be assigned, renegotiated, or terminated, and whether personal guarantees remain in effect. Confirming the release of liens and satisfying secured obligations helps prevent future claims and personal exposure. A structured approach to evaluating debts and agreements is essential to a clean and compliant dissolution.

Business Dissolution Lawyer
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Roquemore Skierski PLLC provides disciplined and strategic representation to Plano businesses facing dissolution. Our business litigation attorneys understand the pressures companies encounter during transitional periods and deliver practical, focused counsel aimed at protecting long-term interests.
We pair legal knowledge with a personalized approach, ensuring each client receives a strategy suited to their operational and financial circumstances. Our priority is preserving your stability and guiding you through each step of the dissolution process.
Whether you are planning a voluntary wind-down or responding to a forced closure, our Plano business dissolution lawyers are prepared to assist you. We help business owners throughout Texas evaluate their options, resolve disputes, and achieve a clean and compliant exit.
While our business litigation attorneys are based in downtown Dallas, we proudly serve business owners across in Plano and beyond, including Allen, Lucas, Murphy, and Wylie. Whether your company is facing a contract dispute, partnership conflict, or other commercial challenge, we deliver strategic counsel and strong representation across North Texas.