Sometimes, it may become happen that a company cannot continue anymore. This could be because of a variety of reasons. It could be the death of the owner(s), an unfavorable business climate, lack of market demand for the product or service, financial inability to invest in the operations of the company to keep it going, high cost of production of goods or services, unsurmountable debt, or any other. It could also be a combination of several of these factors. Under UAE law, it is mandatory to liquidate a company whose operations are not going to be continued. The assets of the company must be liquidated, and creditors paid before the company can be officially wound up. Only by officially winding up a company is the business owner(s) legally free from the responsibilities and liabilities associated with the company. For company liquidation in Dubai or elsewhere in the United Arab Emirates, it is best to seek the professional assistance of an expert. There are firms that provide company liquidation services in Dubai and the rest of the United Arab Emirates. These firms first carry out an audit of the company’s operations and its assets. They look at how much the company owes its creditors, and what its assets are worth. In case the company’s liabilities are less than the value of its assets, the assets are liquidated and the remaining amount is handed over to the company owner(s). Liquidators in Dubai and everywhere else in the United Arab Emirates take their job seriously. If the company’s liabilities are more than the value of its assets, the assets are liquidated and distributed among the creditors. Of course, this means that not everyone may be paid in full, so the creditors may have to be persuaded to accept part payment in return for not taking legal action against the company’s shareholders / business owners. Read more