Types of dissolution
All information relating to voluntary liquidation is available in the Companies Act.
All information relating to enforced dissolution is available in the Companies Act.
When filing for bankruptcy is the only option left for a business owner, it pays to cut losses, initiate proceedings sooner rather than later, and move on to a new business project.
Winding up of a solvent limited liability company
All information relating to winding up of a solvent limited liability company is available in the Companies Act.
Winding up of a partnership en nom collectif or en commandite
All information relating to winding up of a partnership en collectif or en commandite is available in the Companies Act.
Social security deregistration
In order to deregister from the Social Security scheme, one has to visit the Department and fill in the applicable form.
In order to de-register from VAT a registered person is required to call at the Customer Care Unit of the Department to fill in the appropriate form.
In order for the application for de-registration to be processed a registered person is required to settle all pending matters with the Department.
It is pertinent to point out that if the registered person is classified as a non-exempt person he shall be deemed to have, immediately before the cancellation of his registration, supplied to himself all the remaining business assets that belonged to his business. In this regard he must account for the VAT due thereon in his last VAT return.