When a company facesfinancial difficulties and is forced into liquidation (known as winding up), its assets are sold off to generate funds for distribution.
Posts published in “CLOSING A BUSINESS”
Insolvency is a state of financial distress in which a business is unable to pay its debts as they fall due. This can be a devastating situation for a business.
Business growth is often seen as the ultimate goal. However, there are times when shrinking can actually be the smartest move. This is where divestment comes in.
Closing a business is a tough decision. Whether due to financial difficulties, retirement, or pursuing new ventures, understanding the process is crucial.