LATEST INSIGHTS
Courts take a broad view of new Small Business Restructuring legislation – First appointment tests various aspects of the new processes
Well here we are at the end of March 2021 and following their introduction on 1 January, the new
Update – Modernising Business Registers and Director Identification Numbers
This update follows on from Greg Quin’s articles from 2019 and 2020 regarding the concept of Director Identification Numbers
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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.
