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Classic Closeouts was an online shopping company that got accused for swindling millions of dollars via illegal credit card charges and bank account debits. Consumers were sometimes charged multiple times and many disputed the charges just to either receive no response or some bogus explanation that they had joined Classic Closeouts frequent shopping club. FTC later took care of the situation and stopped the business.
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What is difference between company and non-company in direct taxes?
Company and non company
Who owns the assets of a company?
the company
What do you mean by liabilities?
Any amount which is returnable by the company to it's owners or outsiders on the event of dissolution of company that amount is called liability of company
Can a company still trade if insolvent?
A company can not still trade while insolvent. If a company does trade during this time the directors of the company can become responsible for the debts.
Why would a company pursue a security audit?
There are many reasons why a company would pursue a security audit. One of the most common ones would be if the company feels that someone in the company's security team is leaking company information and has become a risk to the company. The security audit will determine the leak and the company will be able to remedy the situation.
