People begin winding up companies for all sorts of reasons. Typical reasons for closing a company include:

• Company has ceased business activities or is not profitable
• Company cannot pay its debts and is insolvent
• Irrevocable  dispute among shareholders
• Corporate or financial restructuring of the group to which the company belongs
• Company is dormant and the owner does not want to incur ongoing compliance and maintenance costs
• Breach of statutory provisions, including offenses committed

Closing a company can be a fairly complex and time consuming procedure. Moreover, you must make sure that you comply with all the necessary legal and statutory requirements. If you have decided to close your company, it’s highly recommended that you seek the help of us so that we can assess your unique situation, recommend the best course of action, and assist you with getting it done.