How to Transfer Ownership of a Corporation Consult your Articles of Incorporation and corporate bylaws. Contact the board of directors or shareholders. Find a buyer. Transfer ownership of stock. Inform the Secretary of State.
There are two types of dissolutions. There's a voluntary dissolution and an involuntary dissolution. A voluntary dissolution is when the entity files the formal dissolution or withdrawal with the secretary of state. An involuntary dissolution, however, is when the entity is terminated without its consent.
A registered foreign association may withdraw from transacting business or conducting affairs in the Commonwealth of Pennsylvania by delivering to the Department of State for filing a Statement of Withdrawal of Registration.