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Feb 22, 2025
Winding Up Company
Winding up or closing a company is a legal process that signifies the end of a company’s operations. It involves the sale of assets, settling of debts, and distributing any remaining assets among the shareholders. The process of winding up a company or liquidating a company can be initiated voluntarily by the company’s shareholders or creditors or can occur by an order from the court due to specific reasons such as insolvency.