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Solvent Liquidation

Liquidation is the process used to bring a company’s life to an end. The company property is realised, the creditors paid out in a fixed order of priority and the surplus, if any, is distributed among the shareholders according to the constitution of the company or according to the Companies Act 1993. When these steps have been carried out the company is removed from the register.

There are two types of liquidation.

  • Solvent Liquidation
  • Insolvent Liquidation

This section deals with solvent liquidations.

Our price varies with complexity and start from $2,000 plus GST and disbursements.

Why Liquidate a Solvent Company?

The liquidation of a solvent company occurs for a number of reasons including:

  • Tax free distribution of capital gains.
  • Company restructuring.
  • Company has ceased trading and is no longer required.
  • Correctly brings a company life to an end – being struck off does not.
  • No acrimonious 3rd party can have the company reinstated - Peace of mind

Norrie & Daughters provides specialist service in carrying out solvent liquidations.

Examples of Solvent Liquidations we have carried out.

  • Beauty Salon
  • Cafes & Restaurants
  • NZ based gambling business operating in Asia.

Compromises with Creditors

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Voluntary Administration

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Liquidation

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Receivership

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Informal Process

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