Miranda owns a company that manufactures nutraceuticals and she has been in business for 25 years. This was a business started by her grandfather and then passed down to her father and ultimately passed down to her. Miranda has worked hard building up the brand to be a successful business. The company is a corporation and has 30 employees. Miranda now wants to start the next chapter of her life, which is retirement. She wants to pass down this business to her children, but they have expressed no interest in taking over the business. She has unsuccessfully been able to sell the business and has no other choice but to shut down the business. what will require Miranda to wind up her business, including any debt securities (for the debt securities. Provide details on the dissolution of Miranda’s business including whether this would be a voluntary dissolution vs other types of dissolution and why, what liabilities she may face after dissolution, or the possibility of the sale of assets. Please also detail the process of liquidation
Miranda owns a company that manufactures nutraceuticals and she has been in business for 25 years. This was a business started by her grandfather and then passed down to her father and ultimately passed down to her. Miranda has worked hard building up the brand to be a successful business. The company is a corporation and has 30 employees. Miranda now wants to start the next chapter of her life, which is retirement. She wants to pass down this business to her children, but they have expressed no interest in taking over the business. She has unsuccessfully been able to sell the business and has no other choice but to shut down the business.
what will require Miranda to wind up her business, including any debt securities (for the debt securities. Provide details on the dissolution of Miranda’s business including whether this would be a voluntary dissolution vs other types of dissolution and why, what liabilities she may face after dissolution, or the possibility of the sale of assets. Please also detail the process of liquidation
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