15 Sep
Operating a business through a limited company offers various benefits compared to running one as a sole proprietor, including the ability to avoid personal liability for your company’s trading debts. This means that you can protect your personal assets if the business fails. If you and your company are unable to pay the debts, then the consequences would be your company going into liquidation, and you become bankrupt. When Your Company is Overwhelmed by Debt Liquidation and bankruptcy refer to two different events that occur when your limited company becomes overwhelmed by debt. A limited company owns all the assets that the business has acquired…
24 Aug
Nobody goes into a business expecting it to fail. Many businesses do not even plan for failure due to unforeseen circumstances. So if you do find yourself in a situation where you need to permanently liquidate your business, where do you start? Admitting failure is hard enough, but how do you take the next step…
01 Jul
There comes a time when certain companies may need to recover certain assets, which may be easier said than done. Fortunately, most companies in Toronto will have a few options at their disposal to recover their assets, including auction sales and liquidation. However, some companies may be confused about the differences between auction sales and…
22 Jun
If you are selling items on auction sites, such as eBay, then you may be having trouble making a decent profit given the fact that you have thousands, if not millions, of other sellers to compete with daily. Moreover, many single items are also frequently sold at prices that are comparable to wholesale prices, so…
03 Feb
When the end of the line for your business becomes the most hopeful option or, as in many cases, the sole option, liquidating assets becomes a viable strategy for exiting. The most prevalent and optimal operation in terms of relinquishing your business is selling your company to keen buyers; however, this is not what all…
