Shutting Down A Company in Singapore
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There are many reasons why businesses just don’t work out. If you’ve reached that difficult point with yours, we’re here to help you navigate the process of closing a company so you can move on quickly and hassle-free.
There are two main ways to do this: you can either wind up or strike off the company. If the company is insolvent due to not being unable to pay its debt, the company must wind up. This is a more formal and labor-intensive process and will require the appointment of a liquidator. In the majority of cases, however, a company will be able to apply to be struck off, which is a relatively straightforward process.
To learn more about the process, read on for the full post from Accela Finance & Corporate Secretary here.
