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    Liquidating cost

    The cost of a company liquidation can vary as it will depend on the circumstances of your company.In general terms, the bigger and more complex the company is and the more assets it has, the more it will cost.If there are any company debts still owing, these are written off when the company closes.Any debts that you owe personally, for example if you have given a personal guarantee, will still need to be paid by you.​If your limited company is insolvent you have a duty as a director to consider whether to stop trading.If you do stop trading you then need to decide on the best way to dissolve (close) your limited company.Payments received are first recorded as return of capital and then any payments in excess of your adjusted cost basis are capital gains.After the final distribution has been made, if all your cost basis has not been paid back, at this point you can claim a capital loss for the remainder.

    If you're like most people, when you make contributions to your IRA, you intend to leave the money alone for decades until you can comfortably retire.The liquidator’s role is to: Except for lodging documents and reports required under the Corporations Act, a liquidator is not required to do any work unless there are enough assets to pay their costs.If the company is without sufficient assets, one or more creditors may agree to reimburse a liquidator’s costs and expenses of taking action to recover further assets for the benefit of creditors.Our online company liquidation prices start at £1,995 and this includes VAT and all disbursements.The price agreed must be approved by the creditors as part of the liquidation process.

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