Why liquidate your Company?
Liquidation is the right choice if your company:
Is small (Voluntary Administration is too expensive to save a small company)
Has run out of cash to pay creditors and the ATO
Is trading at a loss, can’t recover from past losses or has ceased to trade
Has no assets, or a small amount of assets
It’s also a good option for a director personally because a liquidation:
- May prevent you from becoming personally liable for the company’s tax debt
- Brings to a close the stress and worry of trying to save the business
- Stops creditors hassling you
- Gives you the opportunity to move on with life
Liquidation is a simple process under the Corporation Act
The law provides a simple process to appoint a liquidator, which is Creditors’ Voluntary Liquidation (“CVL”). It is a simple process that avoids the involvement of lawyers and the courts.
It starts with the directors selecting a liquidator and the shareholders signing a simple resolution to appoint a liquidator.
Dissolve Provides Free Advice
How does Dissolve provide the advice
FAST, EASY AND
AUSTRALIA – WIDE
Easy to appoint
At Dissolve we are at the forefront of using technology to make the process of appointing a liquidator simple and quick. Call or email us with company details including the company name and A.C.N. – during that call we will quote you our fixed price (sometimes there is no upfront fee) and then:
We email you an
Appointment Pack (or fax or
mail if you prefer)
You pay the fixed price
From: $5 000
You sign and date the three
documents in the Appointment
Pack and email them back to us.
Yes, that’s it. No need to meet unless you want to. No Court involvement.
Can it be more complicated than outlined above?
Yes it can. The most common impediment is when all directors cannot agree to appoint, or if all shareholders cannot be located to sign the documents. If that is likely to be the case, just tell us and we can usually draft alternative resolutions to solve the problem.
Why Choose Us?
Expert advice from experienced liquidators
Liquidation Law can be a complex area and circumstances vary, so we recommend a telephone call for your initial consultation. We will then gladly meet you or just confirm our advice and quote in writing.