Winding up is the legal term for the process of liquidating a company or partnership when it ceases to do business or to exist. The winding up process aims to sell off assets, pay off creditors, and distribute any remaining assets to partners or shareholders. Winding up is essentially the same process as liquidating a […]
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With such high competition in the business marketplace in the Bay Area, company owners cannot afford to make preventable mistakes. This means that all decisions must be the best course of action for the company, and operations should stay in full compliance with all applicable laws. When legal concerns do arise, they should be addressed
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When you decide to form a limited liability company (LLC), there are formal steps you must take. Similarly, there are steps you need to take if you want to dissolve an LLC. With many businesses facing struggles during the COVID-19 pandemic, many owners in California might be wondering – if the time comes – what
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