ICLE | Wind Down a Closely Held Business
Wind Down a Closely Held Business
On-Demand Seminar (Posted 10/15/19) | Level: Basic
Cosponsored by the Business Law Section of the State Bar of Michigan

When a company decides to shut down, or sell off its assets or stock, it must do more than just turn off the lights and lock the doors. There are necessary steps your clients need to take before lawfully ending their business. Get tips on dealing with different licenses and what to do with business names and DBAs. Go beyond boilerplate language for representations and warranty clauses and customize to your clients' business.

Watch so you can:

  • Handle tax clearances and tax successor issues
  • Send out WARN notice if the business has employees
  • Discuss postclosing issues with clients
  • Appropriately handle final distributions or repayment of capital contributions
Available Formats
Melissa Demorest LeDuc and Salam Elia recommend custom representation and warranty clauses to wind down...
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