Corporations are formed to maximize shareholder wealth. Sometimes, the plan does not work and a company is forced to liquidate or reorganize. We saw this happen at an accelerated pace during the Great Recession of 2008-2009. Select one (1) of the topics below to discuss. Include an example of a corporate liquidation or reorganization during the Great Recession of 2008-2009 and provide an assessment of the process.
- Explain the liquidation process.
- Evaluate the tax implications of a corporate liquidation.
- Summarize the different types of reorganizations.