Unfortunately sometimes things don’t work out and you might to close your business or operations. Winding up a Company or LLP has certain regulations and responsibilities that must be met to ensure that there are no liabilities or issues in the future. This can include liquidation of assets, settlement of dues, closure of statements, issuance of notices and more.
At Tax Shooter, we help you at every step of the process and provide you with end to end solutions. Contact us today to know more.
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Our authorized representative will call you after receiving your request and will inform you about procedure and required documents.
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There is a small difference in the three terms though they are commonly used interchangeably.
Liquidation: Process of selling assets
Winding Up: Closure of business affairs
Dissolution: Ending process where government is notified and all formalities have been completed
Yes, all forms of business entities whether it is OPC, Pvt Limited Company, Public Limited Company, Partnership etc. have to undergo certain formalities to ensure smooth winding up of business.
In certain cases, directors and business owners have liabilities that they need to cover even after the business has been closed. Our team helps you understand and manage liabilities and responsibilities that might arise from the process.