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Dissolving a business usually means an orderly shutdown of operation, where staff are paid redundancy money, creditors' bills are paid and all orders are fulfilled. After this, the business ceases to trade and is wound up (bank accounts closed, a lawyer certifies that all business is concluded and the regulatory authority is notified).
A business can also be dissolved by bankruptcy, where there is insufficient cash or assets in the business to meet debts and future orders, with a creditor petitioning the courts or the regulatory authority for the business to be wound up and the remaining assets seized or sold to pay debts.
What else can I help you with?
Business partner is authorized user on credit card and business is dissolving does the primary card holder own what was purchased by authorized user?
Ownership is an issue not covered by credit laws. There may be other statutes that deal with this issue. "Possession is nine tenths of the law" comes to mind. Creditors are only concerned with the money due them. An authorized user does not qualify as a "debtor" under the Fair Credit Reporting Act and therefore never has liability. The primary card holder would have liability regardless of who purchased the items/services and who has "ownership".
Is business combination the same as business valuation?
business combination is not the same as businee valuation business is the acquisation of new business in to another business to be one entity
What kind of business is the better business bureau?
The better business bureau is a business association.
What services do HSBC Banks offer to business customers?
HSBC offer a variety of services to business customers. They offer Business accounts, small business loans, business credit cards, business overdrafts, business insurance and business savings.
What is expansion of a business?
Expansion of a business is when a business grows.
What is a 5 example of solubility?
Sugar dissolving in water. Salt dissolving in water. Oil not dissolving in water. Ethanol dissolving in water. Carbon dioxide dissolving in soda.
What is the opposite word of dissolving?
non - dissolving......i guess
Is the ozone layer dissolving?
It was dissolving. It is due to CFC's.
What kind of change is dissolving NaCl?
Dissolving is a physical process.
Is putting bath salts into a bath dissolving or melting?
dissolving
When dissolving a solid in liquid heat does what the rate of dissolving?
increases
Is dissolving cornstarch a chemical change?
Dissolving is a physical process.
What is the one doing the dissolving?
The solvent is the substance doing the dissolving.
Is dissolving in water a chemical change?
Dissolving in water is a physical change.
Is dissolving a chemical or physical?
Dissolving is considered by most to be a physical change.
What is the liquid used for dissolving?
Dissolving what?Water is a pretty common solvent.
Why is dissolving NaCl a physical propertY?
Dissolving of NaCl is considered a chemical process.
