even if you have declared your company defaulter

As you are aware that human
life is regulated through laws in this modern world that have been codified
for facilitating us in every field of life and this is the major reason
that every action must be in accordance with the laws of the land. If
you are going to start a company, you must follow certain rules and
regulations and if you are going to dissolve it you must follow rules
in this regard. If you think that it is quite easy to close down your
office and then throw away your account books and your company is closed
down, you are quite wrong. It is not as easy as you think. ?

Therefore, the dissolution
of the company requires a complete legal procedure and legal forms would
guide in this regard. In fact, you may have borrowed loans and you may
have a complete labor force. Therefore, in order to stay away from these
legal hitches you must be aware of relevant rules and regulations and
those rules and regulations would be in the legal forms. That is the
reason that legal forms not only guide you while starting a company,
but also guide you while dissolving the same company. It also gets clear
that even the dissolution process requires legal procedure to be completed
so that no dispute could arise in this regard. ?

In case, you have borrowed
loan and your company is not able to pay or it is not proving profitable
for you, you are to announce yourself as defaulter through your accounts.
The law requires and even in this case you are to follow a complete
legal procedure. You have your lawyer to guide you and then you have
also legal forms to guide you in this regard. Moreover, even if you
have declared your company defaulter, it is the law that would assess
its status and not you.?

The last things are that with
the dissolution of your company, you are also to keep in mind as to
whether you were partner with someone and who would get the assets of
your company. If you were sole proprietor you would have to make it
public that if somebody has any arrears against your company, he should
contact you. You should also clear your revenue or any taxes liable
to be paid by your company. All these information and procedure could
be found in legal forms and legal forms regarding dissolution can guide
the company owner as how to dissolve his company and how to save his
skin from legal hitches. Therefore, legal forms are a panacea not only
for forming and starting a company but also for dissolving a company.

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Legal Forms