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❓❓❓ 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐑𝐞𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐢𝐧𝐠? Corporate Restructuring is simply reorganizing the structure of an organization to create opportunities for more profits from its operations. It’s the process involved in changing the organization or financial elements of a business. Corporate restructuring can involve making dramatic changes to a business by eliminating or merging whole departments or changing spending habits and budgeting. Two most common processes for corporate restructuring: Financial Restructuring: this might occur due to a drastic fall in sales because of the adverse economic conditions. In this case, a company might change the equity pattern, cross-holding pattern, debt-servicing schedule, and equity holdings. All this is done to sustain the profitability of the company and sustain in the market. Generally, financial or legal advisors are hired to assist the firms in the negotiations. Organizational Restructuring: Organizational Restructuring means changing the structure of an organization, such as reducing the hierarchical levels, downsizing the employees, redesigning the job positions, and changing the reporting relationships. This is done to cut the cost and pay off the outstanding debt to continue with the business operations in some manner. Franskoviak Tax Solutions 3155 W. Big Beaver Rd. Ste 218 Troy, MI 48084 “IRS and State Tax Help You Can Trust”...