Corp liquidating


18-Jan-2018 19:54

The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry.Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation) or voluntary (sometimes referred to as a shareholders' liquidation, although some voluntary liquidations are controlled by the creditors, see below).In theory, your corporation could last forever, but in reality, many corporations eventually cease to exist.Part of dissolving your corporation involves liquidating corporate assets since the corporation can’t own assets when it is no longer in business.Although your corporate bylaws or state laws may spell out the liquidation and dissolution process, the methods used are generally similar between corporations.Liquidation of assets occurs once your S corporation has filed its dissolution paperwork with your state’s business registration office, frequently the secretary of state or similar state agency.In addition, the term "liquidation" is sometimes used when a company wants to divest itself of some of its assets.This is used, for instance, when a retail establishment wants to close stores.

The Company sells its Solid State Drives (SSD) solutions directly to enterprise end-customers and original equipment manufacturers (OEMs) through a direct sales force or through a channel of systems integrators, information technology (IT) integrators and retail distributors, including online retailers focused on technology.Does anyone know how to do a liquidating distribution for a C Corp?



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