Things haven’t gone as well as you planned. You need to close down. But did you know it’ll cost you at least *$15,000 to do it?
Talk about stress! But don’t worry because our formal letter of closure gets the job done and costs under $5k. Apply Now
The cost of liquidating a company in Australia, according to an estimation by ASIC* is $15,000. Minimum.
But a formal Letter of Closure/Cessation (LOC/C) is a reliable and minimal-cost solution to closing a business in Australia. And it’s a simple process
How do you cover the cost of liquidating a company if there’s no money left?
How do you close your doors and reduce your worry and the risk of being sued or breaking the law?
How do you cover the cost of liquidating a company if there’s no money left? How do you close your doors and reduce your worry and the risk of being sued or breaking the law?
It’s not possible to walk away risk worry free (for example Directors have personal liability for unpaid GST, PAYG and Super).
It isn’t a simple as closing the doors, or not answering the phone.
Many businesses that are run as a company, just allow ASIC to de-register the company, but there are risks.
The truth is, apart from the ongoing stress and worry, if you simply allow your company registration to lapse, it is possible for a creditor to re-register the business and pursue debts from you personally.
If you wait for ASIC to de-register you lose control of the time that takes. But in consultation with accountants and lawyers, the solvers.com.au can offer a $500 option to help you to project yourself.
Any or all of these reasons for business owners with a Pty Ltd company who:
If you have personal assets you want to protect, like a family home or director’s guarantees, this may not be for you, but you should ask us.
