KiteFlyer
Sun Jul 28 2024
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5 answers
929
How to members voluntary liquidation?
Could you please elaborate on the process of members' voluntary liquidation? I understand it's a form of winding up a company where the shareholders take the initiative, but I'm curious about the specific steps involved. Does it require a certain vote threshold among shareholders? What kind of paperwork needs to be filed with the authorities? Are there any tax implications that shareholders should be aware of? Additionally, what happens to the company's assets and liabilities during this process? Lastly, how does the liquidation affect the credit rating of the company and its directors?
