Best Lawyers in Chennai | Top Law Firms | Leading Legal Consultants | The Order Of Dissolution Of Company Can Be Issued Only By The

There are several ways to end a business. The main ones are administratively, voluntarily, and judicially. The Dissolution of Company can be a complicated process. Firstly, it is always best to have an experienced lawyer with you. A voluntary strike-off of a company is when a company formally submits articles of dissolution to Companies House to stop its activity and remove the name from its official register. This formally ends the existence of the company. In fact, it gives any concerned parties notice that they have the right to object. Rajendra Law Office has years of experience helping companies dissolve under various circumstances. The process typically takes a few months and can be very confusing, so it is important to seek out expert advice if you are considering this option. Voluntary Strike Off Of Company Legal Support in Chennai The first step in dissolving a company is to get approval from the board of directors and shareholders. Once this has been done, you can then file the appropriate paperwork with your state and liquidate any remaining assets. This can include property, equipment, and inventory that is no longer needed for business operations. Once you have disposed of these, you can then distribute the money you have left among the shareholders. This can be done on a pro-rata basis based on your ownership percentage. It is also a good idea to hire a Corporate Attorney for this process because there can be a lot of confusion about how to divide up […]