The Benefits of Shutting Down a Corporation

06/11/2009

Law360, New York (June 11, 2009) -- In the past several years, we have had the sad experience of being legal counsel for several failing high-tech companies.

In many cases, our clients were victims of a tough economy, a difficult environment for raising equity or investors who simply gave up on the company. Each of these clients shut their doors and ceased doing business.

In the process, we discovered that in many cases, a simple “shut-down” of the business was a better and more practical alternative than either filing bankruptcy or a statutory dissolution and liquidation of the company. This article will explain why.

Reprinted by permission from Law360. To read the full article, click on the PDF below.

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