How Do You Write A Company Liquidation Checklist?
Liquidation is a form of bankruptcy. Liquidating a business may be forced or voluntary. It is done when the business owners, or the court, determine that it cannot pay its debts. It is imperative that you retain an attorney who is versed in liquidation proceedings. Be sincere in your efforts to meet creditor’s obligations, but be realistic at the same time. Below is a simplified checklist of items to consider before liquidating. Print out this list, gather the information, and use it during a preliminary meeting with your attorney and accountant. Be prepared to add specific items as they recommended. This list is not comprehensive and is not intended to replace the advice of your attorney. Know your corporation’s debts and other financial obligations. Make a list of banks, mortgages, taxes due, pension fund amounts, past and present employees who have outstanding wages and amounts due or owed from vendors or suppliers. Understand your corporation’s contractual obligations, including le
