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.
Can you distribute property from a company in liquidation to a shareholder stamp duty free? (in SA)
In South Australia you can transfer a property from a company to the shareholders of the company without paying stamp duty. The exemption is found is section 71(5)(a) of the Stamp Duties Act 1923 (SA). It does not matter who the shareholders are. For example, the shareholders can be individuals, other companies and trusts. Section […]