Question
Outline four circumstances under which a limited liability company may be dissolved.
Answer
- When a company becomes insolvent
- When share holders agree to dissolve it
- When a company fails to start operating within one year
- When a company has accomplished its objectives
- When the court orders its dissolution
- When the number of shareholders goes below the legally acceptable number
- When share holders agree to dissolve it
- When a company fails to start operating within one year
- When a company has accomplished its objectives
- When the court orders its dissolution
- When the number of shareholders goes below the legally acceptable number
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