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Dissolving company / CEO
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eric scott RJ: Erik Scott CO: Sappo Post Rating: 0 + / - Total Posts: 130 Karma: 29 Joined: Apr 5, 2012 |
Posted on Apr 7, 2012 I know we can sell our companies, although I think it is bugged currently.I had over 4million in property, and when sold I only received about 700k in cash, If I had sold the property seperetely I would have gotten all my investment back. Strange ? Anywho, is there a way close out and dissolve a company/CEO ... start fresh? I am stuck after a few bad starts now with 500k in cash, and I don't want to ask for handouts. Just a fresh start with my 5 million loan from the bank |
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Zack WenJian RJ: Zack CO: Zack Post Rating: 0 + / - Total Posts: 114 Karma: 503 Joined: Mar 31, 2012 |
Posted on Apr 7, 2012 your networth of the company was not updated yet(update once per day). u should have appraise first before selling
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eric scott RJ: Erik Scott CO: Sappo Post Rating: 0 + / - Total Posts: 130 Karma: 29 Joined: Apr 5, 2012 |
Posted on Apr 7, 2012 even with the upgraded buildings, my networth was still not topping out anywhere near the value of said buildings? |
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Scott (Admin) RJ: Ratan Joyce CO: Ratan Joyce Post Rating: 0 + / - Total Posts: 1175 Karma: 5083 Joined: Jan 13, 2012 |
Posted on Apr 7, 2012 Appraisal is not needed before selling. You must have a huge loan somewhere.
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eric scott RJ: Erik Scott CO: Sappo Post Rating: 0 + / - Total Posts: 130 Karma: 29 Joined: Apr 5, 2012 |
Posted on Apr 7, 2012 Ooooh... does the initial bank loan count against when selling your company? |
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Tyrone Summers RJ: Tyrone Summers Post Rating: 0 + / - Total Posts: 3 Karma: -500 Joined: Mar 11, 2012 |
Posted on Apr 7, 2012 Indeed it does eric!
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eric scott RJ: Erik Scott CO: Sappo Post Rating: 0 + / - Total Posts: 130 Karma: 29 Joined: Apr 5, 2012 |
Posted on Apr 7, 2012 Heh shucks... except if you sell all your property first, and keep the cash. THEN sell the company you still keep the cash.Not to mention selling the company with all the property, doesn't even pay down the loan (at least It didn't for me) |
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Scott (Admin) RJ: Ratan Joyce CO: Ratan Joyce Post Rating: 0 + / - Total Posts: 1175 Karma: 5083 Joined: Jan 13, 2012 |
Posted on Apr 8, 2012 (Last edited on Apr 8, 2012) No, if you sell all properties and transfer the cash to yourself, you wouldn't be able to sell the company anymore as no one would buy it.Speaking of which, letting you transfer the cash in the first place when there's a loan around seems abuse-able, I'll see if I can do something about it. |
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