If you have outstanding debts then you are best to talk with a good lawyer 
who can direct you (in a controlled manner) down the liquidation path. 
 These guys are all sharks so it is much better to use a lawyer who is a 
specialist here.  This is particularly important if you owe the ATO money.

If you have no outstanding debts then you can apply to deregister the 
company - this is pretty straight forward.

Your initial investment would be a personal capital loss and can be used 
the next time you strike it lucky with a capital gain.

(I am not an accountant or lawyer but have had some on-the-ground 
experience in this area)

On Sunday, March 16, 2014 8:09:45 PM UTC+11, hoops wrote:
>
> Any advice or stories about winding up a startup ?
>
>
>

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