Close your business
Closing a business is sometimes a must. How to do it the easiest way? Read what is necessary to do.
First, it is necessary to differentiate two basic terms – dissolution and termination. A business corporation’s existence is terminated on the day of its erasure from the Commercial Register, however each such termination is preceded by a dissolution process, consisting of several sub-stages depending on whether the corporation is to be dissolved with or without liquidation.
Change of business entity
The text gives details of the two basic methods of the change of the business entity – the transfer of an interest in a company and the transfer of a certain part of the business activities. In addition, the text contains other information and useful links relating to these issues.
An employment contract may end above all based on a legal act toward its termination, made by one of the participants (employee or employer); an employment contract may be terminated based on an agreement on termination of employment, notice, immediate cancellation, or termination in the probation period.
The text deals with issues related to financial difficulties and it provides useful information on bankruptcy and insolvency proceedings as well as methods and procedures forhandling such situations.