Question
White and Pinkman are two entrepreneurs that incorporated a company dealing in candy. Due to a number of legal issues, they are likely to be
White and Pinkman are two entrepreneurs that incorporated a company dealing in candy. Due to a number of legal issues, they are likely to be forced to wind up their company soon. They wish to get ahead of the issue and wind up the company themselves. Their friend Saul has offered to be their liquidator. There are also rumors that Pinkman has been stealing from the company coffers, and that White has been involved in fraudulent dealing with third parties who no wish to claim against the company. They are considering having the company buy back their shares. They are also worried about losing their private assets to the government and/or creditors. Keeping in mind the position and their concerns, answer their concerns, clarify the legal position and also tell the how they should go about winding up the company
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