What is the procedure for liquidating a company
? This question we are going to be answering today, due to the fact that allot of our readers have requested more information on this issue.
So, when we look at the procedure there are 4 variables that would influence if the liquidation process will be simple or more complicated and may take longer than expected.
Number of Directors:
This in itself explains that the more directors a company has, the longer the process will take.
Amount of Debt:
The amount of debt will also be a variable in regards to the procedure and timeline associated with the liquidation. The more the debt of the company, the longer it will take to complete the liquidation.
Types of Accounts:
What type of accounts the various directors and company also have, will definitely play a major role in the liquidation process. The more accounts that will be applicable, the more complex the process will be.
The total assets of the company will also be a variable in the process and will influence the complexity of the liquidation process.
For people looking for assistance with liquidation, simply contact us by completing the enquiry form or contacting us directly on the details below.
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