Phoenix Company

A Phoenix Company is a type of business that has been formally dissolved or closed but is then re-created and registered again under the same or a similar name. This process is often used to address legal, financial, or strategic reasons, such as restructuring or resolving debts. Essentially, it’s like giving a once-closed company a "rebirth," allowing the business to start fresh while maintaining its original identity. The process is carefully regulated by laws to ensure transparency and compliance.