Many businesses can face unexpected financial problems after experiencing changes in the economy, changes in their market, or changes within the company. Whether you are a small business owner, self-employed, or a large corporation, BDO’s business restructuring professionals recognize that you need to address the issues quickly in order to ensure the viability of the business. We have helped companies of all sizes and in all industries to restructure their business, recover from financial instability and return to profitability.
The first decision business owners and leaders have to make, of course, is to seek outside expertise. Many options are available, but timing is essential to prevent a crisis. Our Licensed Insolvency Trustees work closely with clients to really understand the business and its nuances. We are then able to identify the solutions required to meet the needs of all of the businesses’ stakeholders, including shareholders, lenders and customers. You can find a detailed outline of the services BDO offers for business and commercial restructuring and recovery here.
Winding up a business is the process of closing a company's operations and liquidating its assets to pay off debts. There are many reasons that lead to winding up a business, including changes in the macroeconomic environment, the loss of key personnel, and internal disputes, but no matter the reason, the business is often facing financial difficulty.
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