Liquidating self

• Lower burn rate versus costs of maintaining company infrastructure.

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These victims come from all stratas of society; all the way from the highly educated to the working class high school dropouts.Our services do not replace lawyers, investment bankers or accountants, but our involvement can make their work more cost effective.The mechanics of transitioning to a liquidating trust are straightforward, but are not standard fare for these high priced professionals.The terms of the trust and governing principles are established in the trust agreement executed between the company and the trustee prior to dissolution of the company and include trustee duties, compensation and indemnification as well as beneficiary rights, governance, mechanics for notices and distributions and other administrative matters.A liquidating trust may be appropriate for a biotech or drug development company if: • Continuing research and development activities is not financeable or otherwise not in the stockholders’ best interests; • The company is solvent on both balance sheet and liquidity bases: with sufficient liquidity to settle contracts, real estate leases and severance; and • The Board and management begin the wind down process early enough to assure an orderly process and maximize the opportunity to realize value for stockholders.You should speak with an attorney or certified public accountant that specializes in business closures.While the process of closing a business is very difficult for many reasons, it is important to make sure you get the best value for your assets, pay your employees, satisfy your creditors, and comply with state and federal laws.Moreover, bank presidents, and state and federal government officials are scammed and quite regularly appear on the lists of unsuspecting victims who were fleeced by con-men offering to set up loans that self-liquidate.Each year millions of dollars are spent by law enforcement agencies around the world ( that does not include the money lost by the victim borrowers) in investigating and prosecuting the scammers who purport to offer such loans.Stockholders in the company become unit holders a/k/a beneficiaries of the trust.The trust units are not tradable but shares of stock in a company that has dissolved are typically are no longer tradable either.

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