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Hi. Lee Phillips here. I want to talk to you two seconds about how you terminate a company and Im going to take a very narrow view of this. A lot of people have companies theyre talked into them at the seminars they start them up, they run the business for two seconds it doesnt work they dont owe anybody money but theyve got this little company, this corporation, this LLC, partnership, whatever it is and it just sits there. Another YouTube video we talk about the liabilities of having it just sit there and there are liabilities so weve made a decision were going to shut it down we dont have any creditors we dont owe anybody money. How do you shut it down? now if you owe people money and youre going bankrupt and all this and that and the other thats a whole different deal I will give you that but there are lots of people have the small company dont owe anybody money they may have a little money in the bank account take it out of the bank account, close the bank account and t
