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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 |
|---|---|
AFSA's Guide on Personal Bankruptcy and Company Liquidation | This guide created jointly by AFSA, in collaboration with ASIC and ARITA, offers essential insights into how personal bankruptcy and company liquidation interact. |
Is Your Business Experiencing Financial Difficulty? - AFSA | AFSA provides strategies and insights for small businesses grappling with debt management and the implications of bankruptcy. |
ASIC: Closing A Small Business | A navigational aid for small businesses seeking COVID-19 financial support, including JobKeeper and tax relief measures. |
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