Liquidation Services in South Africa

Simple, Compliant & Stress-Free Company Closures. Closing a company doesn’t have to be complicated or overwhelming. At My Accountant, we provide professional liquidation services to help directors, shareholders, and business owners wind up companies legally, efficiently, and with peace of mind.

Whether your company is solvent or insolvent, we guide you through the process from start to finish—ensuring full compliance with CIPC, SARS, and applicable legislation.

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What Is a Company Liquidation?

A liquidation is the formal legal process of closing a company by settling its affairs, paying creditors (where applicable), and removing it from the Companies Register. Liquidation may be appropriate when:

  • The company is no longer trading
  • The business is financially distressed
  • Shareholders wish to exit the business
  • The company cannot meet its financial obligations
  • There is no reasonable prospect of recovery

1. Voluntary Liquidation (Solvent)

This applies when the company can pay its debts and shareholders decide to close the business voluntarily. We assist with:

  • Shareholder resolutions
  • Appointment of a liquidator
  • Final CIPC and SARS compliance
  • Deregistration upon completion

2. Voluntary Liquidation (Insolvent)

This applies when the company cannot pay its debts and creditors’ interests must be protected. We manage:

  • Required resolutions and notices
  • Coordination with the appointed liquidator
  • SARS and CIPC compliance support
  • Practical guidance for directors

3. Compulsory Liquidation (Court-Ordered)

In cases where creditors apply to court to liquidate the company or there is severe financial distress or dispute. My Accountant supports directors with:

  • Compliance preparation
  • SARS matters and outstanding returns
  • Advisory support during liquidation

What Our Liquidation Service Includes

We don’t just process paperwork — we walk the journey with you.

Consultation & Assessment

We evaluate your company’s financial position and advise on the best course of action.

Resolution & Documentation

We prepare the special resolution and all necessary documents for CIPC submission.

Creditor & Employee Notifications

We ensure all legal notification requirements to creditors and employees are met.

Appointment of Liquidator

A liquidator is appointed to wind up the affairs of the company in an orderly manner.

Deregistration

Once the process is complete, we handle the final deregistration of the company from CIPC.

Why Use My Accountant?

We don’t sell time — we sell comfort.

Experienced

in SARS & CIPC compliance.

Clear Guidance

upfront guidance — no surprises.

Confidential

Professional, confidential handling.

Transparent Pricing

Affordable and transparent pricing.

Important Things Directors Should Know

  • Liquidation does not automatically remove director liability
  • Outstanding tax returns and compliance issues must still be addressed
  • Early professional advice can prevent unnecessary personal exposure
  • Each liquidation is unique — getting the right guidance matters

Documents Typically Required

While requirements differ by case, we usually need:

  • Company registration details
  • Latest financial statements (if available)
  • List of assets and liabilities
  • Director and shareholder information
  • SARS tax numbers and compliance status

Don’t worry — if something is missing, we’ll help you work through it.

Need Help Deciding If Liquidation Is Right?

If you’re unsure whether liquidation is the correct step, we’re happy to assess your situation and explain your options before you commit. Contact My Accountant today for professional liquidation assistance and clear guidance you can trust.

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