It is a quick and easy process to appoint a Liquidator. We can get you an Appointment Package in an hour or two and then it is just a matter of you signing the documents we’ve sent you. After that the liquidator will wind up the company. We’ve explained all of the steps for a Creditors Voluntary Liquidation below. But for most companies it is even easier than it looks – that’s because the Director(s) and Shareholders are usually the same person or people and so once you get the Appointment Package from Dissolve (Step 1) then Steps Two, Three and Four are done by simply signing the documents we’ve sent you all at the same time.
1Step One – Obtain a Consent to Act and draft documents from a Liquidator
We always recommend you discuss the possible liquidation with a trusted expert to make sure it is the right answer. To appoint a Liquidator you need to obtain a Consent to Act from the proposed Liquidator. At Dissolve we will be happy to consent but only after we discuss with you the company’s situation to make sure it’s the right decision – we can determine that in one phone call. We will also prepare all the documents needed in the Steps below and lead you through the process.
2Step Two – Meeting of Directors
The directors meet and resolve that the company is insolvent, sign a simple Summary of Affairs and call a meeting of shareholders.
3Step Three – Shareholders sign a Consent to Short Notice
If 95% of shareholders sign a Consent to Short Notice then the meeting of shareholders can be called and held immediately. If the 95% of shareholders cannot sign, then 21 days notice is given for the shareholders meeting.
4Step Four – General Meeting of Shareholders
This meeting passes the resolutions appointing a Liquidator. Usually we provide “Circular Resolutions“ whereby shareholders can sign the resolution one after the other so they do not have to actually meet.
5Step Five – Liquidation of the Company
The Liquidator is now appointed and proceeds to call a meeting of creditors, advertise the Liquidation, dispose of the assets of the company and attend to a variety of administrative matters
“I’ve now referred two liquidations to Dissolve and in both cases my clients were amazed at the ease of the appointment process and how quickly the liquidation was finished.”…
Partner of a Sydney Accounting Firm
“Cliff and his staff provided a fast, efficient and friendly service. The process was simplified and all steps were communicated well. The price was exactly as advertised with.”…
Director of a Property Development Company
“…after I gave Dissolve the go-ahead I received the No Asset Liquidation Package within two hours and I had the company in liquidation the next morning.”…
Director of a Fashion Retailer