Winding Up? Here's how to do it right

Winding Up? Here's how to do it right

September 11, 2020

How to Legally Wind Up Your Business

Dear ,

Winding up of a company is the process for dissolving a registered company in Nigeria. It is a decision that can be made by the company directors and shareholders, company creditors, or a law court.

Unlike undocumented businesses that are free to close down any day without much notice or processes, winding up a registered limited liability or public company is a different ball game.

There are different ways to wind up a company, the details of the process require expert legal help because you definitely do not want to incur costs on a dormant business. However, before then, it helps to know what to expect.

This article highlights 3 legal approaches to wind up a company 

Stay Safe!Sincerely,Oluchi Johnson-AchibiriCommunity Manager, msmehub.orgFATE Foundation1st Floor, Water Corporation BuildingIjora, Lagos

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