04 Dec
There are many reasons why a company may need to liquidate its assets. In fact, business asset liquidation is relatively common. For those unaware, when a business is liquidated—regardless of whether it is insolvent or solvent—a formal process transpires whereby the corporate entity stops all transactions. The business assets are sold to the highest bidder, and the capital that is generated from the asset sales is used to pay off any outstanding debts that the business may have. Assuming all debts have been paid off, any leftover money is distributed to all applicable shareholders of the company before they go their separate ways. It should…
11 Nov
For many entrepreneurs, opening a company allows them to avoid personal liability for the trading debts of their business, and also to safeguard their personal assets in the unfortunate event of failure. For businesses that operate as a company entity, it is the company that owns all business assets, which also means that the company…
04 Nov
If your business has an investor, or if you’re considering working with venture capitalists (VC), then one term that you need to familiarize yourself with is “liquidation preferences,” which indicates who gets paid when your company enters liquidation and the payment order when dissolving assets. It is meant to protect investors in the event that…
08 Oct
While most warehouses tend to be quite orderly, they can still be a dangerous place to work if workers are not careful, especially when handling used warehouse equipment. There are many safety tips that your workers should be aware of before they set foot in your warehouse. Damage to equipment or injuries to your employees…
01 Oct
If you are thinking of renovating your office space and would like to buy furniture, then you may be wondering if buying used or new is best. However, there is no clear answer, as which option is best will genuinely depend on what your individual or unique needs are as a business owner. For instance,…
