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Loans for Employee Entitlements and the Effect of Subrogation
When a company is experiencing cash flow difficulties, directors will often loan money to the company to enable it
Implications of Failing to Lodge a Statement of Affairs
When a person is made bankrupt by way of a Sequestration Order, Section 54(1) of the Bankruptcy Act 1966
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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.
