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Letter of Closure Application Form

Use this form for closing a business in Australia correctly, at minimum cost

This form contains questions about your duties as a director. As a director or officeholder, your key duties include:

  • being honest and careful in all your dealings
  • understanding what your company is doing
  • making sure your company can pay its debts on time
  • ensuring your company keeps proper financial records
    acting in the company’s best interests, even if this conflicts with your personal interests; and
  • using any information only for the good of the company.

When the question asks if you have breached any director duties, it is a reference to these duties. In addition, the Company will only be eligible for the process if there are few or no assets and the business has ceased trading. It will be necessary for you to disclose what happened to the business assets and why the business ceased trading.
If you think your business meets this criteria please complete the form as fully and completely as possible and let us help you with the process.

What happens after submitting the form?

If you are eligible, we will send you an agreement setting out the details of the process. It will include a copy of the letter your creditors will receive, and a detailed explanation of what happens next. If you decide to proceed you will be asked to pay The Solvers’ invoice and the process will begin.
Please ensure you have entered in the form the correct email address you want your agreement sent to. 

Any or all of these reasons for business owners with a Pty Ltd company who:

  • have closed or are likely to close their business without any money left 
  • cannot afford $15,000 but want to place their company into liquidation  
  • want to do the right thing and inform their creditors properly about the business closing down 
  • want to draw a line in the sand so they can get on with their future.

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. Site Icon

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Adam Parkinson

Adam is a Barrister, Solicitor and Business Turnaround Expert. Having run his own enterprises he has hands-on business experience.  Find out more or Email Adam.

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Bruce Pasetti

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Stuart Craig

Stuart is a Business Transformation Specialist and Certified Practicing Accountant, specialising in business turnaround and restructure, business management and business ownership transfer. Find out more or Email Stuart.

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