No matter how much you love your business now, there might be a day you want to do something else. Or, you might be forced to dissolve your business for some other reason. Therefore, it is always wiser to be prepared for such a situation. In case of such a corporate dissolution, the sellers of the business would want to know about the right market value of the business before getting into any transaction. So, you must look for a company that will help you with your business valuation. We, at Bizvalue Ltd., can help. We have been providing a credible analysis of business accounts for more than a decade now. So, if you are based in areas like Nassau County NY, New York City, New York County NY, Raleigh NC, or Suffolk County NY, you can rely on us.
If you have never heard about business dissolutions, you might have a few queries. Here, we have discussed some of them. Take a look.
What is company dissolution?
A company dissolution is basically closing down a limited company by taking down its name from the official register. The company will cease to exist once the name has been removed from the register.
Am I allowed to dissolve my company?
If your company has not changed its name in the past 3 months, has not sold or traded its stocks in the past 3 months, or has not been threatened of liquidation, have signed agreements with creditors like the Company Voluntary Agreement or CVA, or other kinds of insolvency proceedings, then you can dissolve the company.
Why would I want to sell my business?
You might need to sell off your business owing to retirement, divorce, health issues, or dispute with partners. You might also require equity financing or debt for expanding your business or have cash problems, and your prospective financiers and investors might want to check the worth of your business.
Regardless of what reason you have for your business dissolution, you should get your business evaluated. And if you are interested in getting it done from us, then quickly contact us today.