Close a company that can no longer pay its debts.
If your business is insolvent, the directors can voluntarily place it in liquidation in terms of the Companies Act. No court case. No drawn-out legal battle. One standard fee, and we handle the rest.
Voluntary liquidation in South Africa, in short
What is a directors’ voluntary liquidation?
It is the process where the directors of an insolvent South African company or close corporation pass a resolution to place it in liquidation in terms of the Companies Act. The resolution is lodged with CIPC and a liquidator is appointed.
What does it cost to liquidate a company?
Dynamic Legal charges one standard fee of R19 500, once off, for the full voluntary liquidation filing. The liquidator is paid out of the company’s assets after appointment, not by the directors.
Do you have to go to court?
No. A voluntary liquidation by the directors is filed with CIPC, not brought before a judge. There is no hearing to attend and no advocate to brief.
How it works
Three steps. Most applications are lodged within days of us receiving everything we need.
1. Fill in the online form
Your name, email and company registration number. List who the company owes money to and how much.
2. Upload director IDs
A photo or scan of each director's ID document. That is all the paperwork we need from you to start.
3. We lodge the liquidation
We prepare the resolution and file the voluntary liquidation with CIPC. A liquidator takes over from there.
One standard fee
Every voluntary liquidation we handle costs the same. No hourly billing, no surprise invoices, no “from” pricing.
The liquidator is paid out of the company’s assets once appointed, not by you. If your company does not qualify for a voluntary liquidation, we tell you before you pay anything.
What the fee covers
- Checking that your company qualifies
- Drafting the directors' resolution
- Preparing the statement of affairs
- Lodging the liquidation with CIPC
- Handing the file to a liquidator
- Updates by email at every step
What this is
A directors’ voluntary liquidation. The directors decide by resolution that the company cannot pay what it owes, and place it in liquidation in terms of the Companies Act. It is filed with CIPC, not brought before a judge.
What this is not
It is not a court application, a sequestration, or business rescue. There is no hearing to attend, no advocate to brief, and no open-ended legal costs to budget for.
Helpful answers
Straight answers to three common questions. Read only what you need.
Ready to close the company?
The application takes about ten minutes. Have your company registration number, creditor details and director IDs handy.
Start your application