How To Close The Books on Your Startup
mashable.com
JANUARY 23, 2012
This is particularly true in the fast-paced high-tech and software world, where only a small percentage of startups mature. In most states, an LLC or Corporation must settle its debts before any distributions can be made to members. Again, no assets can be distributed until all debts have been settled. January 22, 2012 07:43:33.
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