Business Transactions

What does it mean to transact business? If you transact business, you enter into a deal with someone, for example, by buying or selling something. [formal] Read more on www.collinsdictionary.com When two or more parties engage in commercial operations like the purchasing and selling of goods or services, this is referred to as transacting business. … Read more

What happens when a company is sold or dissolved? What Is Winding Up? Winding up is the process of dissolving a company. While winding up, a company ceases to do business as usual. Its sole purpose is to sell off stock, pay off creditors, and distribute any remaining assets to partners or shareholders. Read more … Read more

How does escrow work when selling a business? An escrow agent acts as a third party between the buyer and seller to ensure that all conditions of the sales agreement are met. The escrow agent can hold the buyer’s earnest money deposit or down payment, making it easier for the buyer to reclaim that money … Read more