Q&A

A company will be allowed to dissolve after it ensures to discharge any and all debts and property obligations in certain order.

The company must also set up a meeting to liquidate its assets, and the subsequent meeting minutes should include the following information:

• The time and place of the meeting;
• The establishment of a liquidation team;
• A list of all of the company's assets;
• The method(s) used to resolve those assets; and
• The payable amounts that the company actually owes.