Business Liquidation

What to do with assets when closing a business? Hire a professional auctioneer and hold a public auction. Pay a business broker a fee to sell off your assets. File bankruptcy, in which case the a bankruptcy trustee will sell your assets and pay off your creditors with the proceeds. Assign your assets and debts … Read more

How do you liquidate a sole proprietorship? The dissolution of a sole proprietorship involves the following steps: The first step is to inform clients you are winding up the business. Notify creditors you are dissolving the business and request for a final bill to enable you to settle all outstanding obligations. Settle all your outstanding … Read more

Is dissolved the same as liquidation? Simply put, a dissolution is a (typically) voluntary legal closure of a business while a liquidation involves the selling of a company’s assets in order to pay creditors. Read more on www.miedemaassetmanagementgroup.com The terms “dissolved” and “liquidation” are frequently used interchangeably when referring to corporate closure. These phrases, however, … Read more

How can I liquidate my business with no money? If your company has no debts. If you simply want, or need, to close down the company, and there aren’t any debts or any assets to liquidate, then you can dissolve the company and have it struck off the Companies House register. Read more on www.forbesburton.com … Read more