WHEN SHOULD I PLACE MY COMPANY INTO LIQUIDATION?

The decision to place your company into liquidation should not be taken lightly.

The licensed and registered liquidators at Australian Company Liquidations have identified two steps for you to decide whether or not your company needs liquidation

1Assess Whether your Company is Solvent or Insolvent

Note: it is insolvent if your company is unable to pay its bills as they fall due.
Fill in our 1 minute self-assessment survey to see where your company sits on the solvency spectrum.

2Decide Whether you need a Voluntary Liquidation or Court Liquidation

If you have established that your company is insolvent, the next step is to decide on the type of liquidation.

  • Creditors’ Voluntary LiquidationA voluntary liquidation is where the directors and shareholders both nominate a registered liquidator to accept the appointment for the winding up of the company.
  • Court LiquidationIf company tax returns are not lodged on time, a director will become automatically personally liable for Pay As You Go (PAYG) and Superannuation Guarantee Charge liabilities.

TO EXPLORE YOUR OPTIONS
CALL 1800 731 155 TODAY

But don’t just take our word for it…

Hear from our satisfied past customers: