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What is the difference between dissolution and liquidation?

      

What is the difference between dissolution and liquidation?

  

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KevinNyabute
Liquidation of a company comes before dissolution whereby a company's assets are sold of to pay for it's debts or financial obligations. After liquidation the company winds up and is de-registered by the registrar of companies in a process referred to as dissolution. The company thereafter ceases to exist.
kevinnyabute answered the question on February 26, 2018 at 09:15


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