Today we are going to be looking at voluntary liquidation of a cc
in closer detail, since we have been receiving allot of requests from our readers regarding this specific issue. Mostly the question arises of how does voluntary liquidation differ from compulsory liquidation.
Just to explain in short, the difference;
Voluntary liquidation is a much more relaxed approach and this usually gives the company time to prepare for liquidation and to appoint a more favourable liquidator to assist with the liquidation process.
Compulsory liquidation is a much more aggressive style of going about liquidation and this is usually the case when a creditor demands the outstanding debt to be paid immediately.
If we look at a Close corporation or a CC in closer detail, we can determine that since the 1 May 2011 it is not possible to incorporate a cc in South Africa and CC's have been regulated by the Close Corporations Act. Close Corporations were generally created to accommodation smaller business that allowed anywhere from 1-10 members to be part of the cc.
For people looking to liquidate the cc, they can contact us for assistance by simply completing the form below or contacting us directly on the details below.
Need to Liquidate your company and need assistance? We provide assistance with liquidation.
Simply complete the enquiry form below and one of our consultants to contact you, to discuss the process and how we can provide assistance.
For immediate assistance, please contact us directly on:
Tel: 021 987 1288