The money is the much needed source for all the people, to make money we need to either work hard in the office or we should start a new profit making business by ourselves, many think business is a right way to earn more money. But it also involves many tricks and tactics without knowing it one cannot achieve success in his business, many people who are indulged in business had sold their company for loss because of debts and other problems. The company which is facing debts problems should be either closed or the director should take initiative to close the debts. Many directors will choose to close the company because when the company is closed he can repay the loan amount with the assets of his old company and can also start a new one with the help of those assets.
Thus the process of closing the company because of debts is called voluntary liquidation; this process involves series of steps that can help us to close the company without any problems. In this process the director should inform his creditors and share holders about the company closing so that they can sell their shares to other people. Later the director can sell the assets to repay the loan amount and at last the divided money can be shared among the share holders.
Once all debts and problems have been solved we can close the company without any worries and problems, the voluntary liquidation will help the director to start a new company with the assets of old one. The director can learn from his mistakes and start implementing new and fresh tactics in the business to make more profit out of the current company, thus he can build a fresh new employee circle and start earning new profits.