Question: When you wind up a business entity, you do the following: You seek to finish up current business, settle accounts, and turn the property into

When you wind up a business entity, you do the following: You seek to finish up current business, settle accounts, and turn the property into cash and split up the assets. You seek to finish up spending all the money of the business entity, focusing on paying the owner first. You seek to finish up transfering all the money to another entity, in hopes of avoiding creditors. You seek to finish the business entity by taking out numerous loans

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