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  #1  
Old 10-12-2015, 10:12 AM
billm billm is offline
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Voluntary liquidation

I am liquidating my company voluntarily. Assets are all cash which are to be transferred to the liquidator's client account. What account in Quickbooks should I use to show this transfer?
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  #2  
Old 10-17-2015, 05:50 AM
Rustler Rustler is offline
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Assuming this a sole proprietor or partnership company the final check would be written to owner/partner drawing - canceling out the equity in the company

You should get the help of a tax accountant though, there may be tax consequences
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  #3  
Old 10-17-2015, 01:20 PM
billm billm is offline
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Many thanks
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