Whether due to voluntary situations (owner retirement and/or exit strategy) or involuntary situations (financially distressed companies), liquidations is often an unpleasant and painful option for business owners. Regardless of the reasons, it is critical that the liquidating business understands how best to come to a net orderly liquidation value and, in the case of self-liquidation,…
Professional Corporations (PCs) allow certain kinds of professionals such as doctors, lawyers, accountants, or engineers to do business as a Professional Corporation. Single Profession Only Requirement PCs are different from other corporations because all shareholders must be members of the same profession and provide the same service. A professional service is one that requires a…
As the saying goes, by failing to prepare, you are preparing to fail; and, this is especially true when concerning a business launch. As a new business, you will be reliant on many external factors such as suppliers and stakeholders that you may not be able to control. However, the one element completely under your…