Uncategorized

Deregistering or winding up a solvent company

- April 8, 2009 < 1 MIN READ

If you’re going to end your business, you may decide to wind up the company, or simply deregister it.

Deregistering or winding up a solvent company

If you’re going to end your business, you may decide to wind up the company, or simply deregister it.

Deregistering a company

You can deregister a company if all of the following apply:

  • all members of the company agree to deregister
  • the company isn’t carrying on business
  • the company’s assets are worth less than $1000
  • the company has paid all fees and penalties payable under the Corporations Act 2001
  • the company has no outstanding liabilities
  • the company isn’t a party to any legal proceedings.

ASIC provides information on deregistering a company, including the necessary downloadable form. For further information phone (03) 5177 3988.

Winding up a solvent company

The members of a solvent company, who are unable to deregister, may decide to wind up the company. The Australian Securities and Investments Commission (ASIC) website provides information on steps that must be taken and the required forms that must be lodged when winding up a company.

What to do…

]]>

Here’s why you need to upgrade your Flying Solo membership pronto!

  • Share your business journey in an exclusive member profile
  • Get free lifetime access to our Going It Alone digital course
  • Participate in members-only events and experiences
  • Boost your business’ visibility with a Directory listing

$149.95 + GST
Billed annually
  • Andrew Caska

    Caska IP Patent Attorneys

    'Flying Solo opened up so many doors for us - I honestly don't know where I'd be without it"