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Sometimes in family businesses, conflict arises when it comes to distributing assets when a company has served its purpose.
Generational change is a large driver for this as children of the primary business or investment operators seek to go their own financial ways.
Sometimes the assets of a company have already been distributed to the members and it is open to the members agreeing to simply apply for voluntary deregistration of the company without going through the MVL process.Click on the thesaurus category heading under the button in an entry to see the synonyms and related words for that Definition and synonyms of liquidate from the online English dictionary from Macmillan Education.This is the British English definition of liquidate. Change your default dictionary to American English. From time to time a Liquidator is charged with the responsibility of distributing assets in specie, for example real estate.
Sometimes it is the distribution of loan accounts in specie in unequal proportions to the respective shareholdings.We have seen many examples where companies that were deregistered by failure to pay annual fees or an application was made to deregister, were reinstated upon an application direct to the Australian Securities and Investments Commission (“ASIC”).