Business Liquidations
Start your journey to financial freedom, in under 2 minutes.
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How it Works
01.
Complete the Application below, in under 2 minutes
02.
We determine whether liquidation is the right option for your business
03.
We draft the Application and send to you on email for signature
04.
Application is Lodged at Companies Office (CIPC)
05.
Your Company is Liquidated within 10 business days
Why choose Liquidation
Start your journey to financial freedom
100% Online
Completed in 1 -10 Business days
No Court Appearance
All Debt Extinghuised
Start a New Company
Low Fees
Apply Online Now
Please complete the form to to start with your Liquidation Application.
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Advantages of Liquidation
Liquidation by Directors
Liquidation under the Companies Act of 2008 in South Africa provides a structured legal process for companies facing financial distress, allowing the directors to liquidate the company voluntarily, without going to court. An application for liquidation is lodged at the Companies Office stating that the company is unable to pay its debts, and that the directors wish to liquidate.
Ceases all legal action
Liquidation also provides protection against ongoing legal actions and claims. Once a liquidation order is granted, the company's creditors are prevented from initiating or continuing with legal proceedings against the company. This ensures a fair distribution of assets, preventing any single creditor from gaining an unfair advantage through individual legal action.
Financial Freedom
One of the key benefits of liquidation is debt relief for the business owners and shareholders. Once the liquidation process is complete, the company ceases to exist, and any remaining unpaid debts are written off. This is particularly advantageous for business owners, as personal liability is limited in cases where they are not personally liable for the company's debts.
A Fresh Start
Finally, liquidation offers the opportunity for a fresh start for company directors and shareholders. After the liquidation is complete, business owners can explore new ventures without the burden of past debts or legal obligations. The structured nature of the process, governed by the Companies Act, ensures that liquidation is a transparent and fair procedure for all parties involved.
If you’d like more information about our Liquidation, get in touch today.