Boost Liquidation, LLC completes a voluntary dissolution
The liquidation entity is closed by filing rather than abandoned, following a wind-down of the trading operation.
Boost Liquidation, LLC filed Articles of Dissolution in North Carolina on March 6, 2014. The dissolution was voluntary. The entity filed three documents in its life: its Articles of Organization, one annual report, and the dissolution.
The distinction between a voluntary dissolution and an administrative one is not a technicality and the company has consistently drawn it. An abandoned entity is revoked by the state for failing to file. A dissolved entity is closed deliberately by the people responsible for it. The trading operation had wound down over the preceding period, with inventory moved to a clearance floor and the online storefront run down to nothing, and the entity was then closed properly rather than left to lapse.
The operation’s technical work outlived it. The inventory grading system built for the liquidation floor carried a codebase whose internal naming shows it began as a prototype for the group’s toy liquidation storefront, and the engineering capability it represented reappears in the group’s later software work.