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Visit our dedicated small business restructuring site for small business owners facing financial distress.
Consulting a liquidator or lawyer becomes imperative when the waters of insolvency threaten to engulf your vessel. Navigating through the risk of civil penalties or even criminal charges without professional guidance is akin to sailing into a maelstrom. Expert support in these situations is not just advisable; it's necessary for safe passage. In this instance feel free to reach out to us if you feel you need immediate assistance. Otherwise, watch this video from ASIC about How to close down a company in Australia.
You can also read more on cancelling the business on their website.
Further Reading
Title | Short Summary |
|---|---|
ASIC Closing A Small Business | Tailored mental health coaching for small business owners, with free, confidential sessions designed to manage stress through Cognitive Behavioural Therapy. |
NSW Small Business Commission Mediation Service | Support for customers in financial difficulty, offering access to specialised hardship teams within banks. |
ACCC's Debt Collection Guideline for Collectors & Creditors | If you're inclined to explore the intricate details of how bankruptcy intersects with superannuation contributions, then feel free to read the Bankruptcy Legislation Amendment (Superannuation Contributions) Act 2007 SCHEDULE 1-AMENDMENTS RELATING TO SUPERANNUATION CONTRIBUTIONS |
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