Is your corporate group carrying excess baggage? Often, corporate groups can find themselves with large numbers of unnecessary corporate entities or legacy structures, a Members Voluntary Winding Up can provide a cost effective method of closing under-performing or unwanted subsidiaries and divisions, and reorganisation of group structures following an acquisition.

Reorganisation can improve the tax effectiveness of a group, as well as reducing costs of ASIC fees, accounting and secretarial fees, tax lodgement and registration fees, administration costs and general management time. The once-off costs of conducting a Members Voluntary Winding Up can significantly reduce ongoing costs for a group, as well as making life a great deal simpler for group companies and for management.

Unlike many others offering similar solutions, the BIS team has the resources of Deloitte Touche Tohmatsu nationally and internationally to assist, bringing to bearspecialists in issues such as cross border administrations, industry specific considerations or specific financial circumstances. Our team can provide tailored solutions provided by specialists that are geared to improving an organisation’s position.

Contact one of our Corporate Reorganisation partners for more information