Wind Up Wind Down

Is your business or company planning to undergo liquidation in South Africa? Then understand that preparing a company for liquidation in South Africa means you need planning and precise understanding of legal duties. The directors of the company must ensure that the company is structurally and financially ready for the transition. In this article, let’s see how to prepare your company for liquidation in South Africa.

Liquidation is often associated with failure and overwhelming debts. It may be true in some cases, but that is not the whole picture. Liquidation can actually be a strategic and responsible step when a company is no longer able to meet its financial obligations.