• Que.

    liquidating a company australia

    Answer:-

    Liquidating a company in Australia involves several steps. Firstly, directors must resolve to liquidate and appoint a liquidator, who oversees the process. The company then ceases trading, and its assets are sold to pay creditors. Any remaining funds are distributed among shareholders. The liquidator investigates the company's affairs, prepares reports for creditors, and finalizes outstanding matters, including tax obligations. Once all debts are settled, the company is deregistered. It's crucial to adhere to legal requirements and cooperate with the appointed liquidator throughout the process to ensure a smooth and compliant liquidation.

    Mar 22 2024

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