11 Nov

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What Are the Consequences of Liquidating a Company

What Are the Consequences of Liquidating a Company

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 is responsible for any business debts and liabilities, not the directors. However, there are some instances where the creditors or suppliers could ask you to personally guarantee any pending company liabilities, making you legally liable for the payment of those specific debts according to the guarantee. Given such a situation,…

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04 Nov

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What You Need to Know About Liquidation Preferences

What You Need to Know About Liquidation Preferences

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…

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20 Mar

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How to Choose the Best Business Equipment Liquidators

How to Choose the Best Business Equipment Liquidators

Liquidating business equipment means getting back some of the capital that you invested into your wares. Sometimes, businesses liquidate their stock because the equipment is no longer relevant, and upgrades are needed. Other times, liquidation is needed to produce quick cash to satisfy creditors. An unfortunate reality of business ownership is that very often the…

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09 Mar

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Types of Appraisals for Asset Liquidation

Types of Appraisals for Asset Liquidation

If a business has surplus assets or needs to generate funds, liquidation is a viable solution. Business assets can be converted into capital if their value is professionally appraised. A professional appraiser is an impartial third party that instills trust in the liquidator and whatever entity purchases the assets. Did you know that there are…

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10 Jan

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How to Get a Faster ROI With Used Office Furniture

Raising capital with used office furniture

When planning to renovate, relocate, or close your business, you will likely be faced with the huge task of getting rid of the office furniture and equipment that is no longer needed. So how do you get the best and fastest return on investment on used office furniture, cubicles, cabinets, chairs, desks, electronics, and supplies…

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Michaels Global Trading

114 - 65 Shuter Street, Toronto, Ontario, M5B 1B2, Canada

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647-821-9961