Company Deregistration

A company or the shareholders of a company can apply for the deregistration of a company by application to ASIC. This is a quick, cheap and simple method to dissolve a company where the relevant conditions are met. However, there are very few occasions when the process can be implemented.

Prior to applying for the deregistration of a company, the directors should address the same issues that are relevant to all corporate simplification reviews and members’ voluntary liquidations:

·         Is corporate simplification appropriate?

·         What are the tax issues?

·         What actions are needed prior to winding up?

The application may be made by the company or any shareholder. A person applying for the deregistration of a company need not have any special qualifications. However, there are many tricks and traps for the inexperienced or unwary.

Why not CALL US NOW for FREE ADVICE on whether a deregistration is right for your company.  If you would like to learn more try one of these pages:

• Is a Company Deregistration Appropriate?
• Timeline of Company Deregistration
• Effects of Company Deregistration
• Who can apply for a Company Deregistration?
• ASIC initiated Company Deregistration
• Fees for Company Deregistration