Liquidation Toolkit – what you need to know and how we can help
Should it be necessary to close down your business, you will need to go through a formal liquidation process. This will ensure all your company’s affairs are dealt with properly, the end result being that the company is dissolved and ceases to exist. Depending on the financial position of your business at the time, there are three options:
- Creditors’ voluntary liquidation;
- Compulsory liquidation; or
- Members’ voluntary liquidation.