When you are new to Business it’s really important to get your structure right not only to minimise your Tax obligations but also to protect your assets if things don’t go according to plan.
What’s the best option for you ? Should you be trading as a Sole Trader,a Partnership, a Company or a Trust?
Tax Solve Australia can help set up all of the above and get you off on the right track.
Unfortunately in some instances when a Company can’t pay all it’s creditors in full because it does not have sufficient funds or assets a Liquidation is necessary.
A Liquidation is the legal process of winding up a Company’s affairs and this applies to all Pty Ltd or Ltd Companies which have been incorporated under the Australian Corporations Act.
If your Company cannot pay its bills on time, is experiencing cash flow problems, has a history of trading losses, is unable to pay its Tax obligations or Superannuation Guarantee obligations then it’s definitely time to call us to discuss all your options.
In many instances Liquidation can be avoided so before you decide to appoint a Liquidator yourself give us a call to ensure your best interests are protected.
Call us on 1300 803 290 for a Free Consultation