Liquidation Audit Services in UAE / BMS Auditing

The important task of systematically wrapping up a company's operations and managing its assets is accomplished through liquidation. The company's affairs are carefully handled through this process, and its assets are turned into cash. The liquidator, who is in charge of managing the liquidation, will then move forward and submit an application to the appropriate authorities, like Companies House, to have the business formally removed from the registry and liquidated.

The company's official dissolution marks the end of its status as a legal entity. During liquidation, the revenue from asset sales is used to settle outstanding debts, and any remaining funds are distributed to creditors and shareholders in line with predetermined priorities. Assuring that the business meets its financial obligations, increases the value of its assets, and safeguards the interests of its stakeholders is the key goal. Following a successful dissolution, the company is no longer considered to exist legally.
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