Liquidating companies of dating

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You will also need this information for your tax returns.

Next you'll want to find buyers for property that is fully paid for and that you have not pledged as collateral for another loan.

The company must also appoint a liquidator or liquidators, and the winding up begins from the date the special resolution is passed.

The company must lodge Form 205 to advise of their appointment.

Use your industry contacts, including appropriate suppliers and competitors, to find buyers.

Competitors may also be interested in buying your intellectual property (trademarks, copyrights, and patents) and any works or jobs in progress, as well as your customer lists and company name or product names.

Winding up is a process where a company's outstanding matters are finalised, its assets liquidated, and it ceases to exist as a company.

They must lodge with ASIC a detailed list of receipts and payments for the administration (Form 5602 until the six-month period ending on the first anniversary of their appointment date.

Thereafter, they will lodge the annual administration return.

This is Information Sheet 78 (INFO 78), reissued on 1 September 2017.

Information sheets provide concise guidance on a specific process or compliance issue or an overview of detailed guidance.

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