Closing a Company

Via a Creditors Voluntary Liquidation ​

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• ​Directors and staff usually cease working in the company can pursue new employment

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• Staff can claim for some employee entitlements from the Fair Entitlements Guarantee (FEG)

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• Directors need to supply financial records to help the liquidator understand the status of the company

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• Burden of managing is passed to the Liquidator

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• We will manage the realisation of remaining assets and/or creditors enquiries.​

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• May limit further personal liability for Taxes and Superannuation

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• Company is deregistered as soon as Liquidation steps are completed

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FEES: The Liquidator may be able to paid out of the Company (after the Liquidation commences). Where there are no assets remaining, a "one-off" upfront payment may be needed. In straightforward matters an estimate of the Total Fees is usually provided.

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WHAT TO DO NEXT: Give us a call on (03) 9896 9000.