The process of liquidation involves a company (or close corporation) ceasing all trading activities, selling its company assets and then distributing the proceeds to its creditors. There are two options for the voluntary winding-up of a solvent business.

How much does it cost to divorce? How long does the divorce process take? How do I initiate divorce proceedings? Your questions answered.

Divorces are always difficult for everyone involved and they can become that much more arduous when either spouse owns or is part of a business.

Companies should take proactive steps by engaging legal advisors who can carry out independent governance risk audits – including practical advice to company directors and boards on the effective implementation of governance actions.