What now - how to shut down operations in China
Most of our work with companies in the last six months has been discussions on how to ramp down business.
Some of their questions have been:
Layoffs in China - what are the legal issues? how about severance and bonus payout? can we keep them and just cut salaries?
Cutting costs - is this a good time to renegotiate leases? what about bank loans? can we do anything about the high costs of maintaining a company in China - there are do many reporting requirements?
Other issues - can we delay or decrease registered capital in a startup? what if we aren’t going to be profitable quickly enough and need to increase it, but would rather make a loan? can we shut the business down - what will that take?
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