How To Liquidate Your Company?

How To Liquidate Your Company?

This infographic provided by Michaels Global Trading includes the basic steps, causes, and consequences of liquidation. Liquidation is the process of bringing a company to an end and distributing its assets to the claimants. Liquidation can take place when either the shareholders appoint a liquidator to take over and become answerable to the creditors and shareholders which is voluntary, or by obtaining a court order to allege that one or more of the required grounds exist which is compulsory.

How To Liquidate Your Company?

Causes of Liquidation
Common causes of liquidation include late-paying customers, a dip in market conditions, increased competition, the loss of a major customer, or even the incorrect pricing of goods.

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