Company Registration at CIPC, SARS, COID, CUSTOMS, CIDB & More
Get Compliant from Anywhere, Easy and Fast!
Company Registration at CIPC, SARS, COID, CUSTOMS, CIDB & More
Get Compliant from Anywhere, Easy and Fast!
50 000+ Clients assisted since 2006.
Our Lawyers will complete your Company Liquidation Process
– within 4 Weeks.
Free Consultation with our Business Experts
If a company’s debt are running out of control, the Directors’ may be held liable personally if the company continues to trade and heap up debt at suppliers or at SARS (Income Tax / VAT / PAYE). Therefore many companies choose to get their companies formally liquidated through the High Court and therefor distance themselves from their debt.
Your ‘Other Company’ or ‘New Companies’: You are allowed to start a new business and keep your existing successful businesses after the liquidation process without carrying over any debt.
Your Personal Debt: Your personal credit record is NOT affected, unless you have signed surety for a business loan which you can’t pay back.
Your Staff: Once liquidated the staff can’t make CCMA cases against the employer. We’ll give you advice on handling this.
Phase #1: Free Consultation @ R0.00. During this phase, our attorney will consult you on the next steps.
Phase #2: Application & Legal Steps @ R 19 900 all inclusive. During this phase, our attorney will guide and consult with you on the exact steps to take with employees / personal surety / creditors / SARS. After consultation we will prepare your liquidation application.
Phase #3: Potential Other Costs later. Once your liquidation application reaches the Master of High Court – there will be a registered “Liquidator” hired to represent your case. Only if your Company has no assets, you will need to pay him / her out of your own pocket. The Liquidator cost is normally around R15000-R18000, bringing your total cost of liquidation up to R35000-R38000. If your Company has enough assets, the Liquidator will be paid his / her fee from the liquidation process.
Depending on your situation you may need to pay for extra-legal / re-structuring services, for example if you signed surety for debt. This will be quoted separately and is different for different companies and is not always relevant.
Your Company’s Liquidation Will Be Managed By Our ‘Attorney of the High Court’: Handre Theron.
Handre is an admitted attorney of the High Court of South Africa. Handre obtained his LLB degree from Stellenbosch University in 2012 and joined Lucas Dysel Crouse Inc in 2013 (our legal partner), where he has been a practitioner since.
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50 000+ Clients assisted since 2006
We Are South Africa's Most Popular 1-Stop-Shop for Entrepreneurs.
Our experts assist you with every step towards successful company compliance - within record timeframes!
If we cannot assist you, you are gauranteed
your money back.
With all our services, our clients get a free Website Domain & Design so that they can start trading ASAP.
“Fast & Professional”
My experience with company partners are amazing, I must say they helped me in a fast and professional way and guide me to register my new company. I will most definitely recommend anyone to partner with company partners when they have to setup/register a new company.
Ralston Fisher from R’s Kitchen (Pty) Ltd
“Simple & Effortless”
Company Partners is just what the name says, it is a partner to your company. It is a one stop shop for all your company needs and requirements – starting with a company registration. They make the process simple and effortless.
Conrad & Linda Webster from WebsterDesign (Pty) Ltd
“Great Value”
Stress-free process and all necessary matters are taken care of with valued services that saves time and money! Exactly what I needed setting up my new company. I can recommend Company Partners to anyone!
Anél Joubert from JJJ Cubed Consulting and Accounting Services (Pty) Ltd
1. By court
You obtain a court order (which is difficult to reverse/ rescind) placing the company/close corporation in liquidation.
During this process all interested parties will receive notices and also an opportunity to show cause why the company/close corporation should not be placed in liquidation. Accordingly, once we obtain the final order there will be little to no come backs. A liquidation by court order, takes about 8 weeks to finalise. The cost involved is around R40000 plus VAT for a (Pty) and around R35000 plus VAT for a CC (this is an all-inclusive fee and includes sheriff fees, advocate fees, advertising fees and all other disbursements).
2. By resolution signed by the members/shareholders and filed with CIPC (Voluntary)
The 2nd option is carriers a little bit of a risk, as no interested parties receive notice of the voluntary liquidation.
Accordingly, any interested party can set aside the liquidation by approaching a court. This option takes about 2 – 4 weeks to finalise and will cost R19900.
In both instances a liquidator must be appointed by the Master of the High Court. His fee for winding up the company is normally ± R15000 (in the event that there are no assets to sell off to cover his fees).
The liquidator is appointed by creditors vote.
Monday-Thursday: 8:30am to 5pm
Friday: 8:30am to 3pm
Saturday & Sunday: Closed
Public Holidays: Closed
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