Voluntary Company Deregistration

Have you successfully ran your company for many years and no longer require it? You may have sold the business, or the Company may have simply reached the end of its useful life, with no assets available to distribute to shareholders.

Voluntary company deregistration is a cost effective and simple option to conclude your company affairs or simplify your corporate structure.

This process ensures that the company in question is no longer in existence and removed from the company register maintained by ASIC. Voluntary company deregistration also means that your legal obligations as a company officeholder come to an end.

While the process is simple and cost effective it is important that the company or companies have complied with the requirements for voluntary deregistration and distributed any assets, as those that remain in the company will vest in ASIC upon deregistration. It is also important to ensure that any creditor claims including taxes and other obligations have been met.