Utopia funds liquidating
You can choose to liquidate your limited company (also called ‘winding up’ a company).
The company will stop doing business and employing people.
A company may also undergo a voluntary liquidation, which occurs when shareholders of the company elect to wind down the company.
The petition for voluntary liquidation is filed by shareholders when it is believed that the company has achieved its goals and purpose.
Class C shares may have either a front-end load or a back-end load, but these charges tend to be lower than for Class A or B shares.
A typical front-end load charge could be 4% of the initial investment, but it cannot exceed 8.5%.
Liquidate means to convert assets into cash or cash equivalents by selling them on the open market.
Liquidate is also a term used in bankruptcy procedures in which an entity chooses or is forced by a legal judgment or contract to turn assets into a "liquid" form (cash). In the investments arena, liquidation occurs when an investor decides to close out his or her position in a particular asset or security.
Liquidating an asset is usually carried out when an investor or portfolio manager needs the cash to re-allocate funds or re-balance the portfolio.
If that money has not been shared between the shareholders by the time the company is removed from the register, it will go to the state.
You’ll need to restore your company to claim back money after it’s been removed from the register.
The unsecured creditors would be paid off with the cash from liquidation, and if any funds are left after settling all creditors, the shareholders will be paid according to the proportion of shares each holds with the insolvent company.
Not all liquidation is as a result of insolvency, however.