The issues surrounding a business liquidation

Posted on Monday, November 9th, 2009 at 5:11 am    

When businesses begin to wind down, they must make many important decisions regarding liquidation. The liquidation process can often be complicated and lengthy given the financial, accounting, and legal issues that must be resolved.

For instance, when a company liquidates, it may need to pay a certain tax amount that depends on the business entity type. While sole proprietorships typically pay little to no taxes upon liquidation, corporations will often face numerous taxes. 

If your business is considering liquidation, contact the Iowa liquidation lawyers of LaMarca Law Group, P.C., at (877) 327-2600. 

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