Well, I would have to say that the company was not legitimate during its existence. Had it been legitimate then it would still be existing at present. Any company that does not survive to current times are sure to have been plagued by problems of legitimacy and writer salaries. Those are the most basic reasons why a company would go out of business when it could have found a way to stay in business instead. Since they worked in the background in terms of recruiting both clients and writers, there is actually no way of determining whether they were functioning in any legitimate or publicly acceptable way. Therefore, we can conclude that their incorrect way of doing business led to their eventual shutdown.
The opinions are that of the author's alone based on an individual capacity. Opinions are provided "as is" and are not error-free.