Wind Up Wind Down

Liquidation is often associated with failure and overwhelming debts. It may be true in some cases, but that is not the whole picture. Liquidation can actually be a strategic and responsible step when a company is no longer able to meet its financial obligations.

Since April 2011, Close Corporations (CCs) have not been registered under the Close Corporation Act 69 of 1984 in South Africa. However, existing CCs can still operate and can be liquidated when needed. In this article, we talk about how a Close Corporation can undergo liquidation in South Africa.

Many employees are forced to leave remote work behind, making the transition back to the office difficult. What can managers do to help?

Crucial insights for Savvy Business Owners on managing Cash Flow during periods of Insolvency, enabling you to keep your Business afloat