Members' Voluntary Liquidation v Deregistration

Company Deregistration is simpler, quicker and cheaper than a members’ voluntary liquidation.  So why not always choose company deregistration?

Try answering the following questions:

·         Do you want a high level of assurance that a company cannot be reinstated?

·         Will any members of the company disagree on the proposed deregistration of the company?

·         Is the company carrying on a business?

·         Does the company have assets worth more than $1000?

·         Does the company have any outstanding liabilities?

·         Is the company a party to any legal proceedings?

·         Did the company operate in a high-risk industry, for example,where public liability claims sometimes arise?

·         Will any franking credits or tax free dividends be lost by the deregistration of the company?

If you said “Yes!” to any of the above questions, then we recommend a members’ voluntary liquidation rather than a company deregistration. Why not CALL US NOW for CONFIDENTIAL FREE ADVICE specific to your situation.

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