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All good things must come to an end.The other shareholders and myself have decided to liquidate the business.We will sell off any fixed assets, pay
All good things must come to an end.The other shareholders and myself have decided to liquidate the business.We will sell off any fixed assets, pay our minimal debts and distribute cash to each shareholder.There are a few fixed assets that may not have much of value so we may distribute those to a particular shareholder.What are the basic rules guiding us?What is the tax situation for the corporation and the shareholders?
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