How To Close Down a Company Australia

Are you wondering how to close down a company in Australia?

Good news! If you have a company you no longer use, you don’t need to pay yearly ASIC registration fees. Taxopia can close your company down cheaply using the correct legal process.

There are several ways to close down a company in Australia. The fastest, cheapest and simplest is a company deregistration under the Corporations Act.

How to close down a company in Australia by deregistration

Company deregistration eligibility requires all assets and liabilities to be dealt with accordingly, all tax obligations to be lodged and paid, and all profits to be distributed correctly. It is illegal to close a company before completing these items. The directors must certify the following before applying to deregister the company.

  • all owners (shareholders) of the company agree to deregister the company
  • the company is not carrying on business
  • the company’s assets are worth less than $1000
  • the company has no outstanding liabilities
  • the company is not involved in any legal proceedings, and
  • the company has paid all fees and penalties payable under the Corporations Act, such as company renewal and late payment fees.

Taxopia online tax accountants can complete simple company deregistration and more complicated company closures including members’ voluntary liquidations. We are experts with years of experience assisting with company closure. Contact us to find out more about how to close down a company in Australia today. Call 1300 829 674

o For any inquiries, please call: 1300 829 674 or fill out our online form

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* Premium Package pricing conditions ($1200+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* Standard Package pricing conditions ($800+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* Basic Package pricing conditions: ($400+ GST):

If you do not qualify for this option, you will need to consider our Standard Package ($800+ GST).

Please note that ALL our plans exclude the following:

Please contact us for a customised quote if you require help on any of the excluded items.

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