While this English term is typically used in the context of rendering a corporation or other legal entity out of existence, it may also be used in the context of dissolving an employment relationship (Auflösung des Arbeitsverhältnisses) under certain conditions laid out in the German Unfair Employment Dismissal Act.
There are multiple definitions - click on the translation that matches your context.
the act of breaking up an official organisation.
The Prime Minister is trying to push through a raft of new legislation ahead of Monday's dissolution of Parliament.
the act of officially ending a contract, business or other legal relationship
A corporation may dissolve by filing articles of dissolution.
the legal ending of a civil partnership (=a civil union between two people of the same sex); the legal ending of a marriage
The rules governing distribution of property on dissolution of a civil partnership are identical to those on divorce.