Dissolution depends on the type of entity as the dissolution process for different entities is governed under different sections of the law.  For the most part, dissolution can be initiated by a vote in accordance with the bylaws or the governing instruments of the business entity.  In the event there is deadlock or if corporate assets are being misapplied or wasted causing material injury or if those in control have been acting in an illegal or fraudulent manner, a judicial dissolution may be sought.