Thanks. First, as you know, your personal assets are safe from the liabilities of this corporation because a corporation is a limited liability entity except to the extent any of you have personally guaranteed the obligations of the corporation. Second, because of the first, if the business is failing, you want to let it go dormant, but do not dissolve it. When you dissolve a corporation, there are certain dissolution and liquidation documents which must be filed, one of which provides that the owners represent they have made adequate provision for the debts and liabilities of the corporation...some commentators are concerned this may expose the owners to personal liability. Third, if you have a buy-sell or the other partners are willing to buy or take your shares, you could simply fill out the stock transfer ledger on the back of your shares. Fourth, otherwise, just simply hold your shares and let the corporation go dormant...you have no further liability.
I hope this has given you the guidance you were seeking. I wish you the best of luck!
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