Winding Up of a Private Limited Company

Every entrepreneur wants its business to flourish more & generate profits, but there are multiple scenarios wherein an entrepreneur has to take the decision of closing down his business. In legal terms, we call it as winding up of a Private Limited Company. It is the last stage of a Private Limited Company in which its presence for past several years is dissolved and all its assets are used to pay off the creditors, shareholders and other liabilities.


Wind Up Limited Liability Partnership

Every entrepreneur wants its business to flourish more & generate profits, but there are multiple scenarios wherein an entrepreneur has to take the decision of closing down his business. In legal terms, we call it as winding up. It is the last stage of a company in which its presence for past several years is dissolved and all its assets are used to pay off the creditors, shareholders and other liabilities.


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