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Liquidation is when all parts of the business or only business is closed and the assets of the company and home to get reorganized. Liquidation can also mean the dissolution, but sometimes dissolution means that the last stage of liquidation. There are basically three types of liquidation, it is mandatory, voluntary, and members of the creditors voluntary liquidation. This obligation is often referred to as creditors voluntary liquidation ‘where the murder is also known as shareholders. It all depends on the situation of the company. Liquidation of companies can also be caused by bankruptcy, where they do not pay their debts. When it comes to finances, liquidation will be used when changing an asset into cash.
The people who by law, said the appeal relating to the liquidation of the company, the trustee, state security, a creditor who determine whether prima facie the company itself could be a sign.
Members Voluntary Liquidation
This is where the liquidation decision must be made by the shareholders of the company and the assets will be sufficient to pay all debts of the company, in other words, the company is solvent.
This is when the court the company wound upon the request of the match, but if more than one person, they all will accept applications as only a director can not present itself.
Creditors Voluntary Liquidation
This occurs when a member of the company are the ones to decide that their company should be liquidated, but there are not enough assets to pay debts the company, this means that the company went bankrupt.
Before dissolution, seek advice from financial adviser, they will tell you what to do and what choices you have.
For many reasons, the owners of the company to liquidate their business and go to liquidation. This can happen for reasons such as:
Board of Directors has decided just to do it because they feel that it is not profitable as before.
The owners may want to move to another city or country and their business before the wind as the probability of flowering in the new land was not clear enough.
Companies may not have registered even after more than 12 months earlier and had failed “trade certificate” to get.
The company may have failed to remove the rights and obligations and in the process may have to declare bankruptcy.
In some cases liquidation, if sufficient quantities of the liquidator is not present, the ad was published as an interested party will all or part of the company to buy. This is done with the consent of all members and the money was also divided.
In this case, all the members to decide when and how to liquidate. Members of the resolution and the company stopped production and services. If the company is solvent in advance, then the company may appoint its own administrator.
If not, then the creditors who are called to be reported on the status of the company. Creditors call their own meetings at which he decides what the estimated value of the company in the current market scenario and then decide according to liquidate assets.
A liquidation committee was then appointed with all the formalities and details are provided.
In both cases, the liquidation of the business is usually a last resort that the company uses. For owners, too emotional tests to dissolve their partnership, but in many cases it is a better option than letting the company fall in ruins.
Business is something very important for everyone and people are always trying to maintain their important stuff. If you think your company is the inconvenience to your business partners so sorry to have to write a business letter to explain your position. Although somewhat difficult to accept that you are wrong, but sorry your business letter, you must notify your company to save. Only the acceptance of error will not be enough, then you need to explain to the overall situation to satisfy their business partners.
Writing a business letter apology for your business partner does not mean you are really responsible for this problem, but it means that you make your clients or customers. Because business is not something that just rely on one person, so maybe more people are involved in causing the problem. It will be good for customers and clients if you want to write a business letter regret, because they will feel cared for. In addition, the apology will also make them feel more valuable and important they are to you.
If you have something to convey to your customers, but was postponed due to a number of technical problems or other problems, please add a business letter of regret to your product to the customer for reasons unforeseen delays. This letter can be as simple as just saying sorry for the delay and inconvenience caused due to delay. Sorry business letter you can also explain the whole scenario, this format is typically used when a customer is a customer permanently and you get a lot of things from him. Although small and large customers are the same for a company, but you can vary the font size for your customers based on the requirements.
If you close your business then you also have to write a business letter of apology to all your business contacts to inform them to decide what to do during your absence. If you want to stop your company with honor than to write a letter of apology for any company to contact. If you’re closing down the company, but had planned to come back with a new strategy or product in the market than would be required to write a business letter of regret because you have to deal with the same client when you return the market.
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