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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 |
|---|---|
NSW Government's Business Connect Program | A summary of debt settlement options for sole traders and partnerships before considering bankruptcy. |
Small Business Debt Helpline | Lifeline provides round-the-clock, empathetic crisis support through various communication channels. |
The Treasury Small Business Guide | Business Connect provides advice for financially challenged businesses, helping identify options and strategies for recovery. |
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