Everyone Can Benefit from Going to Law School - Marilyn Gardner Milton

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Lawyer Marilyn Gardner, of Milton Massachusetts, explains how everyone can benefit from attending law school. For the full blog and reference links, please visit MarilynGardnerMilton.com!

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Everyone Can Benefit from Going to Law School - Marilyn Gardner Milton

Helping your own community comes with its own benefits, but there is a whole world out there that needs help. There are parts of the world that are far much less fortunate than us and could greatly benefit from eager and dedicated volunteers. Taking the time to help others outside of your borders is a very rewarding and fulfilling experience. When choosing to volunteer overseas, there are a few tips you should follow!

Best Undergrad Majors for Aspiring Lawyers | Marilyn Gardner Milton

Marilyn Gardner Milton MA

Many people dream of becoming a lawyer their entire life. A career in law can be quite lucrative and is a great way to help others in many different ways. When it comes to studying law, there are different paths one can take. A lot of students choose pre-law as their major in undergrad when they are aspiring to become a lawyer, but there are other studies that can be a benefit in law school and in your law career.

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Marilyn Gardner, Lawyer, spent years teaching Advanced School Law at the Doctoral Level. Her focus was court decisions at all levels of government which have had an impact on the governance of schools and what school personnel can do in terms of the operation of schools, curriculum, instruction, assessment and school personnel, and treatment of candidates. Marilyn would always stress that failure to comply with school law can have far reaching and costly implications. In this section, Marilyn Gardner teaches about Students' Freedom of Speech.

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WINDING UP of COMPANY, Modes of Dissolution

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Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry. Here's a breakdown of the key aspects of winding up: Reasons for Winding Up: Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues. Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company. Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up. Types of Winding Up: Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types: Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled. Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets. Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent. Process of Winding Up: Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds. Cease Trading: The company stops its regular business operations. Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims. Sale of Assets: The company's assets are sold to generate cash to pay off creditors. Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors. Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake. Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register. Impact of Winding Up: Employees: Employees will likely lose their jobs during the winding-up process. Creditors: Creditors may not recover their debts in full, especially if the company is insolvent. Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets. Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.

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