Liquidating a company to avoid tax

17-Oct-2017 10:51

liquidating a company to avoid tax-26

ihs liquidating llc

The liquidators will sell/realise the assets of the company and distribute the proceeds to creditors as appropriate.

This course of action is not recommended as the consequences of this can be severe including: Even if a company is struck off, creditors can apply to have the company restored and a liquidator appointed through the High Court. A company that has ceases to trade can apply to the Companies Registration Office to strike off the company provided there are no assets or liabilities in the company.A director of the company then requests the CRO to strike off the company by sending a completed Form H15 to the CRO together with the letter of no objection from the Revenue Commissioners and the full newspaper page where the advertisement appears.