The decision to dissolve a corporation depends on a variety of factors, but the health of your organization is probably the biggest one. Some business owners find that financial troubles or partner disagreements merit dissolution. Others, however, may simply decide it’s time to retire or pursue other interests.
There are alternatives to dissolution. You could sell your business or sell your share of the business to a partner. If you’re closing for financial reasons, identify new sources of capital (e.g., private equity, capital loans, etc). The worst thing you can do is to stop operations without formally dissolving. This leaves your corporation open to ongoing tax requirements and other liabilities.