The Benefits of Liquidating a Company

For a businessman, liquidation is a word that is on their most hated words list. As a matter of fact, it is quite heartbreaking for a company owner to see his empire falling apart. However, you may want to keep in mind that liquidation is an important aspect of any business. If you have been looking for benefits of company liquidation, you may want to read on.

First of all, it should not be noted that liquidation can be compulsory or voluntary. The later occurs when a court order is issued to sell the company assets. On the other hand, in case of voluntary liquidation, the company management agrees that the keeping the company open is not profitable anymore.

Getting rid of leftover inventory

In a retail or distributor business, some inventory may be left at the end of a period. This stock adds to the storage cost in addition to take up a lot of space. This stock should have a better use. With liquidation, the extra stocks can be sold to interested parties. So, this is an economical way of getting rid of the unnecessary stuff in an efficient manner.

Paying off debts

Another important advantage of liquidation is that the liquidator can pay you cash before selling your stock. So, you don’t want to wait for the provider to sell your stuff and pay you. You can get cash advance that you can use to meet your other needs. With this money, you can pay off your debts or purchase new stock once again. You can also buy a fixed asset to earn profits down the road.

When you hire a liquidation company to get your company liquidated, the provider will ensure that your inventory is put in a separate area, not near the place where your new inventory is placed. Based on your needs, the company may take your inventory in another country, province, city or area.

Logistics, packaging and relocation

During liquidation, some provider even take care of the logistics cost based on your given instructions. Apart from this, they may also offer packaging and relocation services. So, you have a piece of mind that most of work will be done by them.

Advertising campaign

Another benefit of liquidation is that the provider will ensure that your advertising campaign is running properly. This helps keep your reputation intact. This way you creative department won’t have to worry about this important area. Your professionals will be able to focus on other important projects.

At times, the companies may also act like marketers. In other words, they help you sell your ideas, services and products. Typically, companies choose this method when their in-house marketers are not doing well.

Long story short, liquidation is a process that ends the journey of a company. It is usually followed when a company is suffering from losses and has lost its reputation. So, the company is closed down, assets sold out and the money is used to pay off debts. Hope this helps.

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Different Types of Company Liquidation

What is company liquidation? If you are looking for a simple definition, it’s a process where a company goes through dissolution. The assets of the business are sold off and the payments are made to the creditors. In most cases, if a company is making profit, it won’t go through this process. However, in some cases, even solvent businesses have to choose this route. Let’s know more.

There are two major types of company liquidation. The first type is known as voluntary liquidation where this decision is taken by the shareholders or directors and the dissolution is carried out. If the members of the board decide to make this choice, they have to get most of the votes prior to proceeding. In the same way, if the shareholders want to go this route, they all have to do so prior to taking action.

Voluntary liquidation

Here it is important to keep in mind that voluntary company liquidation can be CVL or MVL if the company is insolvent. Members Voluntary Liquidation is done so as to carry out the termination of the company in an orderly fashion. In other words, it can be started if the business shareholders feel that the directors are not taking actions that are against their interests. For instance, the products or services of the business may not be attracting potential customers for some reasons. As a matter of fact, VL Is the best solution as far as avoiding the second type of liquidation is concerned. In this type, the court is not involved and the matter is solved outside of the court. The creditors are paid off in full by selling the company assets.

Compulsory liquidation

Another type is known as compulsory liquidation where the process is started by the creditors. The reason may be that the company fails to pay to the creditors. What happens is that the creditors get a court order in order to get the company dissolved. The cost of the court matters is born by the creditors. However, once the process is completed, they are the first party that gets paid. So, the extra cost is worth the reward.

Creditors that want company liquidation go to the court in order to get the assets of the business sold. This happens when the creditors feel that the directors of the company are not cooperative as far as paying debts is concerned. In most cases, the company is not forced to liquidate as the directors pay off debts due to the fear of losing the company.

Provisional liquidation

This is another type where the purpose is to preserve the assets of the company that may be at risk. For this purpose, a good liquidator is appointed in order to protect the financial position of the business. On the other side, the petition of liquidation is taken into consideration by the court of law.

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Organize Your Finances for the New Year

Did your midnight toast include a resolution to improve your financial health?

2018 gives you the chance to make a fresh start and simplify your financial life. We’ve put together some tips to help you keep up with your bills, track your spending and really use your money for things you really want. Here’s what to do.

Get on a strict budget

If you want to get ahead of your finances it’s extremely important to know where you stand and create realistic strategies to meet your financial goals and objectives now and in the future. You may think budgeting is old school but it’s still the best way to map out ways to help you manage your income and expenses. If you already have a budget make sure you review it to make sure it worked effectively for you in 2017.

Don’t make budgeting time consuming or complicated. All you have to do is download a budgeting app to your mobile device that lets you track your expenditures. When we say track your expenditures, we mean everything you buy with credit cards, debit cards and cash. What you will find after even a month of tracking is the truth about where your money is going so you can plan for future expenditures.

Review all your statements

Make sure you set time aside monthly to review all your bills and statements. This is a good time to look for things you are paying for but no longer need or especially for things that you can cut back on. A good online app that can help discover interest increases or add-on charges or even auto-renewing subscriptions is Truebill.

Check out your credit union’s online money management tools

Credit unions offer online tools to help with your financial management. How can I save for that hot sports car, that dream home or those toys for the boys? How much down payment do I need to save for that shack at the shore? What type of investment is the best for me? Play with their calculators to make your financial decisions easier. And if you want to set up a budget and track your spending take a look at their FREE personal financial management software which can aggregate all of your financial relationships and help you set goals.

Financial calculators will help you understand APRs, APYs, amortizations, and the power of money. Just go on your credit union website and select a category that peeks your interest:

Always prepare for the unexpected

As we all know, life can throw you some curveballs. Life’s challenges like the loss of a job, or medical issues can leave you drowning in a sea of debt. As I’m sure you have heard before, it’s essential to build an emergency fund that can cover three to six months of expenses. Even if you can save only a little each month, you can grow a financial protective cushion.

Cut loose of debt

Are you that person that makes just the minimum payments on your credit cards or other major debts? Did you know this means you’re paying mostly interest and barely even shaving away at current balances? One effective method for reducing debt is to concentrate on your highest-interest balances first, while still making timely smaller payments on all other commitments. When you have your high interest debt paid off, concentrate on the most expensive remaining balance, and continue this way till you’re debt free.

When your financial obligations are truly out of control, combining your debts into a single payment may provide the relief you need. Streamlining multiple debts into one single lower monthly payment can help you pay off your bills sooner. Your options include home equity, personal loans and zero-interest credit card balance transfers.

Make the most of tax deductions

Taking advantage of appropriate tax deductions can help you prevent paying more tax than absolutely necessary. You may qualify for tax deductions including:

Interest deductions for mortgages, home equity financing, business financing, and student loans.
Deductions for taxes already paid, including sales tax, foreign taxes and self-employment tax.
Home office and business insurance deductions.
Deductions for charitable donations.
Pre-tax contributions to IRAs and 401(k) plans.
Open another checking account for intermittent expenses
If you have bills that pop up periodically like insurance payments, quarterly taxes, etc. open up a second account for free at your credit union and use it to house money for those sporadic payments that arrive quarterly or even annually. For those intermittent payments it’s good to put away a portion of those payments every month and when you need to make those outflows it won’t put a strain on your finances.

Re-evaluate your assets and investments

Life can change rapidly, so it’s important to review and change your retirement accounts on a regular basis. It’s also smart to review your estate plan and make sure your will, insurance policies and beneficiaries are up to date.

Make sure you have money to spend

While you are creating the plan to maximize your financial goals, make sure you allow yourself money to spend on incidentals like coffee, movies or eating out. Remember, you can’t sacrifice everything to improve your financial health for the future.

Financial Health = a Happy Life! So, if you start off the New Year with a little financial housecleaning it will appear over time that the things that used to seem out of reach become affordable, and every unexpected expense won’t be catastrophic. If you follow these tips you can build your future tailored to your specific needs. The changes may be gradual, but by this time next year you will be able to toast your financial wellness.

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Monograms – Engrave Special Moments!

Special life moments require a unique type of gift. Monogram gifts make special occasions like birthdays and weddings a little more personal. A monogram is a decorative motif that uses one, two or more letters of a person’s name, usually in a fancy font. In most circumstances, the letters used are the initials of the person receiving the gift.

Monogram Styles and Arrangements

A monogram comes in many different styles and arrangements. The arrangement of the initials can vary based on the recipient of the gift being given. These are the common types of monograms that might be seen:

The initial style monogram
uses a one-letter monogram, usually a first or last initial, or the letter of a company

Block style
popularly used in three-letter monograms, letters are all the same size and width

Traditional style
typically used with names in a three-initial format, the middle letter represents the first letter of the last name and is slightly larger than the side letters which are indicative of the first and middle name

Stacked style
used best with the three-letter monograms, the first and middle initials are stacked and placed to the left of the initial of the last name

Interlocking
used with fonts that have flourishes on them, allowing the elements to touch one another

Circle monogram
a style that works best with two or three-letter monograms, letters are fit inside and in the shape of a circle

Diamond
works in the same way as the circle monogram, only the letters are enclosed in a diamond shape or take the shape of a diamond

Split-Letter
a small space overlaps the initial character, and this space can contain the entire word that the initial letter stands for

Different Ways To Monogram

Monograms can be created using the font and arrangement that fits the occasion. Many monogrammed gifts are often made by etching or engraving the monogram into the gift. An example of these is jewelry, drinking glasses, wooden keepsakes, etc.

Other ways to monogram include embroidery and vinyl decals. Many jackets or polo shirts may be emblazoned with the monogram of a company or the owner in embroidered letters. These letters can also be done in various fonts. Vinyl decals are made for items like plastic tumblers and car windows.

Why Monogram?

Monograms are a great way to make a gift personal for the recipient. Most monogram gifts are also functional, meaning that the recipient can use it instead of just sitting it on a shelf. For special occasions, using monograms provide a personal experience and shows the thought of the person giving the gift.

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5 Tips to Take Care of Your Newly Replaced Windshield

Have you just had your windshield replaced? If so, you are on the right page. In this article, we are going to share with you a couple of tips that will help you take care of your newly replaced windshield. With these tips on your mind, you can prevent further damage and save a lot of money. Without further ado, let’s take a look at 5 of the tips that you may want to consider. Read on to find out more.

Be Gentle

After you have got your windshield replaced, make sure you get at least 60 minutes before taking your car outside on the road. The thing is that the adhesive requires at least a couple of minutes to get hard and set. If you don’t give it enough time to settle down, the windshield won’t be able to fit firmly into the frame. And this can be disastrous and can have a negative impact on the structural integrity of your car.

Apart from this, it can cost you a good deal of money as you will have to spend more money to reinstall the glass. For the next 24 hours, you should be very gentle with your vehicle. In other words, you should shut the doors of your car gently and drive it on even roads.

Keep the Retention Tape in place

Although removing the retention tape won’t make your car look ugly, it plays a great role in fixing the position of the molding in addition to keeping the glass in place. Therefore, you may want to wait at least 24 to 48 hours before you drive your car just like before. Therefore, it is a good idea to leave the retention tape untouched if you want to be on the safe side.

Don’t Wash Your Car

For the next 24 hours, don’t think about a car wash. In fact, you don’t even try to wash the car yourself. Ideally, you may want to wait for at least two to three days before you take your car for a car wash. This is of paramount importance.

Keep a Window Open

The integrity of your vehicle windshield will be negatively impacted if the air pressure inside the cabin continues to build up. Therefore, we suggest that you keep at least one window open slightly. This will allow the hot air to escape the vehicle and prevent any cracks or leaks. This step is quite important if you want to equalize the pressure inside your car.

Change Your Route

If you had to replace your car windshield due to rough roads, we suggest that you take an alternate route. In other words, you may want to drive along a different route, in addition, to park it in a shady spot.

Replacing your car windshield costs a great deal of money. Therefore, you may want to get it done by a professional and follow the steps given in this article. This will help you make sure that the windshield stays in place.

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Common Questions About Machine Learning

In this article, we are going to talk about machine learning. We will answer a lot of common questions that most people may have on their minds. Without further ado, let’s get into details. Read on.

1. What is Machine Learning?

Machine learning is a type of (AI), aka Artificial Intelligence that empowers a system to learn and make decisions itself without being programmed. These algorithms make the computer smart enough so that it can make choices on the basis of the data it has without any human intervention. The primary aim is to make algorithms that allow a system to learn and make their own decisions in future, based on the past data.

2. Why do we need Machine Learning?

Given below are some of the reasons we use these in the here and now.

2.2. Prediction while Traveling

We all have been using GPS system while traveling in our lives. Whenever you book a cab it tells you the approximated fare and time required to reach your destination. How does your smart phone do that? The answer is machine learning! It calculates the velocities and location of our vehicles. based on this information, it even tells us if there is traffic jam on this road. The programmers did not program the computer to tell you that there is a traffic jam, but they designed a system that makes smart decisions on the basis of past and current events of people who passed by that area. Plus, it warns you about the traffic jam.

2.3. Search Engine Optimization

web search engines automatically show you the accurate results based upon your location and past searches. Programmers don’t program it to show you those results, but it gives accurate results within seconds according to your interests and recent searches.

2.4. Spam Mail Classification

In our email boxes, the system automatically classifies some emails as spam or junk mails and some mails as primary mails that could be very important for us. The system is never wrong and it is all possible with the help of these learnings.

3. Types of Machine Learning:

The basic idea of machine learning is the same for all types but it has been further divided into 3 following types:

3.1. Supervised Learning Supervised learning is one of the most popular types of machine learning and it is easy to understand and implement. In this type, the algorithm is trained on given data but and the data needs to be labelled. You allow the system to predict the data and you make corrections if the predictions it makes are not accurate enough.

3.2. Unsupervised Machine Learning

Unsupervised machine learning works without any labeled data but you have to provide a lot of data so that the system understands the properties that provide a base for the decision it has to make. This can improve the productivity in a lot of fields.

3.3. Reinforcement Learning

It is based upon trial and error methods. The system makes mistakes and learns from them in order to avoid these mistakes again. For example, in a maze, when the system fails to find a path, it won’t go on the same path again because it knows that the path doesn’t work. It labels positive outcomes and negative outcomes and runs on the basis of these outcomes.

In short, these were some of the common questions about machine learning. Hopefully, the answers to these questions will help you get a deeper insight into this field of science.

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Coastal Beach Farmhouse Interiors

The coastal farmhouse beach home is a sanctuary of warmth, comfort and serenity, simple and understated yet alive with your creative design elements. An exciting blend of farmhouse and coastal design it mixes elements of the old world rustic charm and new clean lines, using natural reclaimed wood, earthing metal and distressed vintage furniture to give your home a clean, and earthy look. The coastal style brings elements of the water into your home and brings in the vibes of peace and tranquility. These two styles blend together to bring an earthing yet invigorating interior to your home.

This gorgeous living room with a rustic blue patina sideboard and a huge antique arch floor mirror brings in elements of the coastal farmhouse style. The stunning farmhouse old door coffee table uses reclaimed woods and studded iron, and the cool, airy translucent sheer curtains give a coastal feel to the room. Turquoise, aqua and teal pillows on a white sofa chaise gives a laid back luxurious ambiance.

The kitchen is the main focus of the house as we all love a well prepared meal and there is nothing like a family cooking together. The dining table is custom- made from old carved doors with beautiful unique detail. With eight stylistic chairs, each upholstered in different fabrics, selected individually by each family member, the uniqueness in design is quaint and exotic. Warm red paisley mixed with teal blues bring out the patina of the old woods in the table. Sheer white self checkered curtains and beach greenery brings in the coastal vibe. Stainless steel ultra modern appliances and of course the table would be incomplete without vintage glass bottles and mason jars. Shells and driftwood complete the setting.

Bring in the tranquility of the beach into your home office with these natural wood antique barndoors carved in florals and ocean waves. The office table is made from brass cladded vintage doors and the legs are painted a deep ocean blue. State of the art computers and a huge television screen hangs in front of the desk for virtual meetings. A huge magnificently detailed arched bookcase houses your collection of books, shells and driftwood while the cool watery blue and frothy white twill upholstered office chair is the coastal element. Earthy rustic armoires with vintage carved floral detail in whitewash play with the blue blown glass jar that carries a beautiful arrangement of palm fronds and pampas grass.

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Know Your Rights: Choose a Doctor for Your L&I Claim or Workers’ Compensation Claim

In Washington State, work injury claimants have the right to choose their doctor or attending provider (AP) for their claim. This right is part of RCW 51.36.010. Surprisingly, many people that suffer a workplace injury don’t know that they can select their own doctor. Yet, the only requirement is that the doctor or the provider must be part of the L&I Medical Provider Network (MPN).

L&I claim and your right to choose a doctor

There are many reasons for which people with an L&I claim or a workers’ compensation claim are unaware of their rights. Explicitly, the main reasons I see include:

• Not understanding how a workers’ compensation claim works. Most people never had a L&I claim They don’t know what an attending provider is, or what is their role. In fact, the attending provider has a very important role in L&I claims. This provider manages treatment, reports progress, and provides critical assessments throughout the claim. Therefore, it’s important for work injury claimants to choose a doctor or provider who will help them recover and manage their claim productively.

• Not realizing how a provider becomes their attending physician. Often, the Department of Labor and Industries (L&I) considers the provider that filed the application for benefits as the attending physician. If that provider is an urgent care provider, it’s unlikely they’ll agree to be the attending provider on the workers’ comp claim. If you had a workplace injury and treated in emergency setting, you should seek follow-up care from another doctor that will be an effective AP.

Making your own decisions in your L&I claim

In addition to the reasons above, there are other cases where work injury victims follow recommendations from others. In practice, many recommendations don’t help you choose the right provider for your claim. Such cases include:

• Being directed to a specific clinic or medical provider. Frequently, work injury claimants tell me their employer told them to see a specific doctor for initial treatment. Then, when they report their injury back at work, the employer provides the name and address of a specific medical provider or clinic for further treatment. Here, claimants are usually under the impression they can only see that provider.

• Getting referral to occupational medicine doctors from a primary care physician (PCP). Some people ask their primary care doctor for guidance after a work injury. Some PCPs are members of the MPN and can easily become the attending provider. Often, this is an ideal situation. However, when the PCP is part of a large medical group, the work injury claimant gets a referral to the “occupational medicine” division of the same group. These groups are often a L&I COHE. This practice is common at The Everett Clinic and Kaiser Permanente, among others. Yet, many folks with an L&I claim or a workers’ comp claim don’t realize they don’t have to get treatment there. Regardless of insurance, workplace injury claimants can treat with any provider in the MPN. Even if the attending doctor isn’t part of the same medical group as their primary doctor.

Changing a doctor in your L&I claim

There is no doubt that the attending provider has a critical role in a workman’s compensation claim. One key right is the ability to choose the doctor for your claim. Moreover, with some narrow exceptions, you also have the right to change the doctor for an L&I claim. Changing the attending provider is very simple. More explicitly, you can download and fill the Transfer of Care form (from the L&I website) and send it to your claim manager. As always, keep a record of all communications. This way, you can track and document your decision to designate a new provider.

Final remarks

In summary, the attending provider plays a very important role in workers’ compensation claims. And remember – people with a work injury claim have the right to choose their attending provider. Therefore, it’s important to choose a physician that’s going to focus on helping you get better and will help move the claim forward productively. Finally, if your attending physician isn’t right for you, then you have the right to switch to a different provider.

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