In The (Red)®

In The (Red)®

The Business Bankruptcy Blog

Tag Archives: dissolution

The Venture-Backed Company Running Out Of Cash: Fiduciary Duties And Wind Down Options

Posted in The Financially Troubled Company
Many start-up companies backed by venture capital financing, especially those still in the development phase or which otherwise are not cash flow breakeven, at some point may face the prospect of running out of cash. Although many will timely close another round of financing, others may not. This post focuses on options available to companies… Continue Reading

You Say You Want A Dissolution: An Overview Of The Formal Corporate Wind Down

Posted in The Financially Troubled Company
Winding Down. If a corporation’s board of directors decides that the business needs to be wound down, there are a number of legal paths to consider. Determining the best approach is fact-dependent, and the corporation and its board should get legal advice before making a decision. Sometimes a bankruptcy filing is needed, either a Chapter 11… Continue Reading