Biztalk – Corporate Recovery Series #3 What are the various ways to wind-up a company?

Ways to Wind Up a Company

Thinking of ceasing your business? Winding Up (or Liquidation) is the term used when dissolving (closing down) a company.

Winding up a company does not always mean the business is not doing well. It can be due to the following reasons as well :

[1] The shareholders have different directions and objectives for the company.

[2] The shareholders do not trust each other anymore (disputes).

[3] The company has achieved its objectives e.g. completion of specific projects, and thus the entity is not needed anymore.

[4] The shareholders just simply decided to call it a day for the business.

Winding up is a process to bring a company to an end. The assets of the company will be sold, and the money will be used to pay off the company’s debts. The remaining balance (if any) will be distributed among the shareholders.

Stay tuned for more information on ways to wind up a company.

Talk to us to know what options you have for winding up a company at +6010 231 9177.

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