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
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.