Business Dissolution vs Withdrawal

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Read time: 6 minutes

What's the difference between a business dissolution and a withdrawal?

Dissolution is what happens when you close a business entity formed in the state of Connecticut (a domestic business). The business ceases to exist when you file a certificate of dissolution.

Withdrawal means withdrawing the registration of a business from another state or country that no longer wishes to conduct business in Connecticut but will still exist where it was formed.

Closing Your Business Forms and Fees