How to escape a decaying company

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Uploaded by on Feb 3, 2008

Question: I have a company that I no longer use. It has no assets or liabilities. I have to have a meeting every year with the Accountant and pay the Australian Securities and Investments Commission (ASIC) an annual fee. Although the Accountant is a nice guy and I am sure ASIC needs the money to fund all its failed legal actions of late, what can I do to get this burden out my life?

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  • It sounds easy but I've got to say it difficult to know what and how to fill out the forms. If there is more good laymen terms and explanations then filling out this form will reach a great amount of people.

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