What is Winding Up of a Company? Winding up of a company refers to the legal procedure for ending its life. The procedure is to sell off or dispose of the company’s assets, apply the proceeds towards settling debts and liabilities, and ultimately distribute any balance surplus to shareholders. After completion of the process, the business cease
What Are the Types of Proprietorship?
Starting a business is a big step, and one of the earliest decisions you’ll face is choosing the right legal structure. Among the numerous small business owners and entrepreneurs, the sole proprietorship has been the most attractive form to them since it is simple, with flexibility and ever-lower cost. However, what people don’t know is that