Before delving deeper, let us clarify what business liquidation entails. Businesses liquidate and individuals sequestrate. A company should do a voluntary liquidation when the company is unable to pay its debts as they become due, or if the liabilities exceed the assets. Company liquidation in South Africa means the company debts are dealt with after liquidation, […]
Business Liquidation and Emigration Read More »
The messages from SARS are clear: tax collection must be increased. And increasing it they are! That is one of the reasons why most small business owners are under financial pressure: SARS is too expensive, especially if you add penalties and admin levies. It is critical that each and every business owner understands how LIquidation
Get rid of SARS debt before it is too late Read More »
Liquidation of a company is one of the most powerful legal things that a business owner can do. Dealing with company debt can be incredibly stressful, especially when creditors are relentless, and there is not enough cash flow to turn the situation around. If your business cannot pay its debts, liquidation is a viable option
Company debt and how to get rid of it Read More »
Liquidation of a business is a powerful legal tool in the arsenal of any business owner. There is little to fear of it and would particularly apply to business owners who answer yes to the following questions: Are you borrowing more and more money to pour into your failing business to keep it afloat? Do
Business liquidation is available to all businesses. A company that cannot pay its debt should, in terms of the Companies Act, liquidate as soon as possible. It is possible to continue to trade after liquidation, meaning that liquidation is not the end of the road but a new beginning. We will assist you with a
General information on Business Liquidation in South Africa Read More »
Trading is tough in this economy. Businesses are folding left and right, bogged down by sluggish recovery, suffocating SARS debt and high wages. Perhaps you are among the struggling, haunted by debts your business cannot settle and work your business cannot finish. The fear, stress, worry, and sleepless nights must be taking a toll. There
Liquidation to get Financial Freedom from a failing business Read More »
The shortest route to the fastest solution for a company that has debt it cannot pay, (SARS included) is Liquidation. Liquidation ends the company that cannot pay its debt. After Liquidation the affairs of the company is wound up. Creditors are under control, the liquidator deals with them so that you do not have to.
The Benefits of Liquidation in South Africa Read More »
Many business owners that we assist are nervous of going through the liquidation process. They usually are unaware of the benefits of liquidating a company. Perhaps you have the same fear. Perhaps you fear that you are going to lose your business or that you will lose your assets if you liquidate your business. Liquidation
Liquidating a Company: the Benefits and Process Read More »
Being overburdened by debt while the economy is not improving is very stressful. Liquidation is an excellent tool to get rid of debt so that you continue to trade from a clean slate. We are specialist Liquidation Attorneys who have helped over 1500 business owners get rid of debt over the last 17 years. We
Liquidation problems and solutions; a summary Read More »
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