Schemes of Arrangement are a seldom used external administration option to restructure a company. The process was largely replaced
SIGN UP TO OUR MONTHLY NEWSLETTERS
We work together to get the best outcome for you and your client
Once a company has served its purpose and all liabilities have been paid and dividends distributed to shareholders, a Members’ Voluntary Liquidation is often a tax effective way to return capital and distribute certain capital reserves to shareholders.
The Liquidator does not always physically realise assets, as they may be transferred to the members in specie as part of the distribution process.
The appointment of a Liquidator under these circumstances provides a tax effective way to distribute assets to the members of the company.
To speak with us further regarding whether a Members’ Voluntary Liquidation may be appropriate in your situation, please contact us on 08 9215 7900 for a cost and obligation free consultation.