Tax consequences of a Members Voluntary Liquidation

Manage your taxes Tax consequences of a Members Voluntary Liquidation Navigate complex tax laws to maximise your returns when winding up your company. A Members Voluntary Liquidation involves much more than simply closing a company. The interaction between CGT, the Division 7A rules, and the treatment of accumulated company profits creates a significant tax planning […]

What is a director’s role in a members’ voluntary liquidation?

If you are a director and member of a company and ready to shut down your solvent business through a members’ voluntary liquidation, you may be wondering how the process looks. In particular, you may be wondering what your role will be as the liquidation progresses.

Read more below to see how you may stay involved with the company throughout the liquidation process and how your role might change if you opt out.