What are the two types of corporate dissolution?

The two types of corporate dissolution are indeed voluntary dissolution and involuntary dissolution. Voluntary dissolution occurs when the owners or shareholders of a corporation decide to terminate the existence of the company. This decision can stem from various reasons, such as financial difficulties, strategic business decisions, or the completion of the business's purpose. The process is typically initiated by filing articles of dissolution with the appropriate state authorities and following any required legal procedures.

On the other hand, involuntary dissolution is enforced by a state or governmental authority and can occur under circumstances such as failure to comply with regulatory requirements, failure to pay taxes, or when the corporation is no longer able to carry on its business. Involuntary dissolution reflects the entity's non-compliance or inability to meet the legal obligations, leading to its termination without the consent of the owners.

The other options provided do not represent types of corporate dissolution. Mergers and acquisitions refer to strategies for corporate growth rather than dissolution. Liquidation and reorganization are processes that may occur during dissolution but are not categories of dissolution themselves. Privatization and public offerings pertain to changes in ownership structure or capital funding, not the dissolution of a corporation. Thus, the correct classification of corporate dissolution is effectively captured by voluntary and involuntary dissolution