Company Dissolution

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August 31, 2024 3 min read Definitions

Liquidation: The Final Phase of a Company’s Life Cycle

Finance Economics Liquidation Winding Up Company Dissolution Creditors Liquidation Process

Liquidation involves the distribution of a company's assets among its creditors and members before its dissolution, effectively bringing the company's life to an end. It can be voluntary or court-ordered.

August 31, 2024 4 min read Definitions

Voluntary Liquidation: Winding Up a Company by Choice

Finance Business Management Voluntary Liquidation Winding Up Business Closure Company Dissolution Creditors

Voluntary liquidation, also known as voluntary winding-up, is a process where a company's directors choose to dissolve the company, ensuring it ceases operations and settles its obligations.