There are mainly 3 methods of closing down a business in Hong Kong. Whichever method you choose, it is important for your business to follow the proper procedures required. If you fail to do this, it may result in legal consequences. You can: Deregister your business Wind up your business Put your company in a … Read more
If your company, unfortunately, goes insolvent, the relevant stakeholders, including the creditors, shareholders, liquidators, etc. can wind up the company. Alternatively, directors are given power by the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) to wind up the company under special circumstances. Creditors’ voluntary winding up Creditors’ voluntary winding up is similar in … Read more