When the battle is lost, Lawrence Corporate Solutions can help you find a way out.
- Save money by acting immediately.
- Handle all communication with Creditors who you no longer want to deal with.
- Achieve the best possible outcome in a sticky and difficult situation.
What is Liquidation?
Liquidation of a company is essentially the winding up of a companies operations once a company has become insolvent. Regardless of whether liquidation is a court-ordered liquidation or a creditors voluntary liquidation, it can be one of the most stressful periods of a business owners life. However, with the right support, it doesn’t have to be.
Lawrence Corporate Solutions have helped hundreds of businesses experiencing liquidation in aPerth, save money & alleviate stress by handling the entire liquidation process for them.
Liquidation services involve:
- Collect, realise & protect the companies total value, including assets
- Sale or closure of a business and it’s operations
- Distribution of proceeds among creditors & shareholders
- Handling of communication between creditors and liquidators
- Apply for deregistration of the company once liquidation has been finalised
As the director of a business, you may have run into financial difficulty that has resulted in possible liquidation. Although you may feel like burying your head in the sand, now is not the time for wallowing. Instead, you need to act quickly so you can salvage what’s left and save money.
That’s where we come in. We help you to determine whether liquidation is the right option for you, fast. Then we handle the entire process for you.
Is Liquidation right for you?
You’ve identified that your company is struggling financially, so what happens next? Is liquidation the right pathway for your business?
Liquidation may be the right option for you if:
- Your company is small – voluntary administration is substantially more expensive and is more suited to larger corporations.
- Your company is unable to pay creditors or the ATO – you’ve run out of money. Your company is trading at a continued loss and you’re unable to recover financially, or unable to continue trading.
- You have no other business assets to leverage off
If your company checks all the above boxes, then liquidation is most likely the best-suited option for you.
Why invest in Liquidation services from Lawrence Corporate Solutions?
If your company is in liquidation, chances are you also have a lot of other highly important personal and financial affairs to get in order. Handling the liquidation process on top of that is an easy way to amplify the situation and induce stress. That’s why businesses have sought the support of our independent liquidation services.
Liquidation doesn’t have to be all “bad”. We can help you find the best advice, minus the stress. If you’re the director of a company, we can help to ensure:
- You don’t become personally liable for the company’s tax debt.
- We will handle the stress and worries of handling the business closure so you don’t have to.
- Deal with all Creditor communication, so you no longer have to deal with uncomfortable situations.
- Give you the best opportunity to move on with your life and gain a fresh start.
Liquidation is a complex area of business and at Lawrence Corporate Solutions, we aim to understand your situation in-depth to help you find the best advice through troubled times.
what our clients say
Successful Stories From Our Clients
Our team’s unique experience and extensive skill has assisted countless Perth business owners to move past financial strive and work towards a bright and successful future. Here are some of our success stories:
Miranda was struggling to meet her 12-month payment arrangements with the ATO and, as 12-month arrangements are the most that the ATO will grant, Miranda felt that her financial position was a lost cause. After speaking with Lawrence Corporate Solutions, however, Miranda’s confidence was restored. Lawrence Corporate Solutions successfully negotiated a 24-month extended payment arrangement with the ATO, giving Miranda the breathing room that she needed to get back to running her business.
Sharon found herself being chased by the ATO for a mounting tax debt, and as her spouse had recently been unable work, it couldn’t have come at a worse time. With constant calls and letters, Sharon welcomed Empire Corporate Services stepping in and liaising with the ATO on her behalf. In the end, Sharon prevailed with a $79,904.62 remittance before the final balance was paid out.
After an accident that rendered David unable to work, he was forced to use his tax savings to live on. Very worried and not sure where to turn, Empire Corporate Services worked closely on David’s case and secured him an interest remittance of nearly $7,000 to cope with his financial stress.
With a mountain of ATO penalties (including the dreaded General Interest Charges (GIC), Failure to Lodge (FTL) penalties and business stresses mounting, Shane was in a dire financial position. On Shane’s behalf, Empire Corporate Services was able to remit over $34,000 after just one phone call. Shane’s headaches cleared and it was back to furthering his business!
When Sam’s major debtor went into $2m liquidation, Sam’s business hit a pivotal crossroads. Based on the guidance of his previous advisors, Sam felt his only option was to go bankrupt. With the help of Empire Corporate Services, Sam got his business valued and sold, paid back the bank debt owing and additional funding in place for all other unsecured creditors… all within a fast turnaround of just 6 weeks.
Mitchell came in for a general financial review to set his business on the right path to grow. Upon reviewing Mitchell’s financial structure, Empire Corporate Services discovered that Mitchell had ATO debts totaling more than $550,000… and Mitchell was totally unaware of what he owed. After extensive work in tracking back over Mitchell’s previous returns and BAS’s (as well as righting the submission errors that Mitchell had made), Empire Corporate Services successfully helped Mitchell receive remission of interests of his debts, totaling $320,000.
For a long time Kate didn’t realise… but the ATO had placed $10,000 in interest and fees on top of her tax bill after a she had previously filed a claim incorrectly. Understandably, Kate was frightened about what might happen to her. Lawrence Corporate Solutions stepped in on her behalf and successfully negotiated for a substantial reduction in the outstanding ATO balance. Kate went from owing $10,000 to receiving a $2,000 refund.