Sheehan & Associates, P.L.C.

Posts tagged "dissolution"

Planning necessary for successful business dissolution

Whether by choice or necessity, closing a business, whether in Michigan or elsewhere, is something many owners face. The dissolution of a business may be something for which a plan exists -- if an owner has no intention of keeping his or her company open after his or her retirement or death, -- or it may be something for which no plan is in place. Regardless of when or why an owner decides to close up shop, a lot of preparation and planning goes into closing a business successfully and with the proper legal protections in place.

Understanding how a business is sold

Business owners and entrepreneurs in Michigan might find it beneficial to learn more about the sale of an enterprise as described by the IRS. Each asset associated with the business is to be sold individually so gains and losses can be properly evaluated. However, because many businesses require a variety of assets to sustain operations, the assets should be classified appropriately.

Ann Arbor Google call center closure causes loss of 430 jobs

Some 430 employees of Teleperformance USA have lost their jobs at an Ann Arbor call center, and that call center is now closed. The layoffs, which occurred this month, resulted from the firm's loss of its contract with Google. Google whose name has become synonymous with Internet searches, confirmed that it is not renewing its contract with Teleperformance to provide customer service support. The representatives in the Ann Arbor call center handled technical support for Google products.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

Toll Free: 877-600-7891
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