{"id":4641,"date":"2018-08-26T14:07:59","date_gmt":"2018-08-26T14:07:59","guid":{"rendered":"https:\/\/simplebooks.com\/?p=4641"},"modified":"2025-10-12T22:45:28","modified_gmt":"2025-10-12T17:15:28","slug":"company-liquidation","status":"publish","type":"post","link":"https:\/\/simplebooks.com\/srilanka\/company-liquidation","title":{"rendered":"Company Liquidation &#8211; What you need to know about"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The unthinkable has finally happened. Maybe you hadn\u2019t planned for things to turn out the way it did, maybe your strategy was not very well thought of, whatever the shortcoming was &#8211; now your company has run its course and you have no choice but to liquidate.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"epyt-video-wrapper\"><iframe loading=\"lazy\"  id=\"_ytid_95369\"  width=\"1080\" height=\"608\"  data-origwidth=\"1080\" data-origheight=\"608\"  data-relstop=\"1\" src=\"https:\/\/www.youtube.com\/embed\/cCmImWx4YNQ?enablejsapi=1&#038;autoplay=0&#038;cc_load_policy=0&#038;cc_lang_pref=&#038;iv_load_policy=1&#038;loop=0&#038;rel=0&#038;fs=1&#038;playsinline=0&#038;autohide=2&#038;theme=dark&#038;color=red&#038;controls=1&#038;disablekb=0&#038;\" class=\"__youtube_prefs__  epyt-is-override  no-lazyload\" title=\"YouTube player\"  allow=\"fullscreen; accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen data-no-lazy=\"1\" data-skipgform_ajax_framebjll=\"\"><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Company Liquidation is the process of realizing all assets and the discharging of all liabilities in concluding the affairs of a business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What makes a Company Liquidate?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If we are to analyze the reasons behind what would generally make a company liquidate, we can identify a few common issues.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Starting a Business for the Wrong Reason<br>Some businesses are started off as a hobby and merely sits in stagnancy, simply because it was set up out of necessity &#8211; and not of an identified profitable opportunity.<\/li>\n\n\n\n<li>Lack of Capital<br>Sometimes most businesses tend to miscalculate the amount of money it may cost them to set up\/run. This in turn could have detrimental effects on the establishment as a whole and might result in a much earlier liquidation.<\/li>\n\n\n\n<li>Lack of Successful Marketing<br>Any business, regardless of how big or small, requires well thought out marketing strategies in order to grow and reach out to their target audiences. This is a key issue that may lead to most companies being unsuccessful.<\/li>\n\n\n\n<li>Unexplored Opportunity<br>In some cases, blinded by optimism, a business is set up without fully realizing the opportunity that the business has &#8211; and manages to wrongly select the location, and even the product or service offered when being established.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">What is the Process of Liquidation?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The steps a company should take to liquidate depends on the type of liquidation, and whether or not the company was forced into it by the creditors or simply decided to liquidate on their own accord.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\">The Strike Off Procedure<\/h6>\n\n\n\n<p class=\"wp-block-paragraph\">Liquidation is deemed a possibility for a business if it is eligible for a \u201cStrike Off\u201d. Eligibility is determined by the Accounting and Corporate Regulatory Authority, and if all requirements are<br>met, the firm involved will begin the preparation of documents and accounts needed for liquidation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During a \u201cStrike Off\u201d, all existing bank accounts that may have any relation to the business needs to be closed, and necessary documentation provided as proof (eg: bank statements etc.)<br>The documentation required for the process of \u201cStrike Off\u201d include,<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Declaration of Strike Off<\/li>\n\n\n\n<li>The Application for Strike Off<\/li>\n\n\n\n<li>Tax Clearance details (if applicable)<\/li>\n\n\n\n<li>A recent copy of an Audited Report (if the company has previously filed audited accounts)<\/li>\n\n\n\n<li>A copy of the Company Certificate (if the private company has no assets or liabilities)<\/li>\n\n\n\n<li>The Last Annual Return of the company<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">(If there are indeed any assets or liabilities, the Directors should provide proof on how they will be disposed of)<\/p>\n\n\n\n<h6 class=\"wp-block-heading\">Compulsory Liquidation<\/h6>\n\n\n\n<p class=\"wp-block-paragraph\">This type of liquidation forces the company to liquidate it\u2019s assets on the orders of a \u201ccourt of Creditors\u201d, and the direction of an assigned \u201cLiquidator\u201d.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><strong>Steps<\/strong><\/h6>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The creditors present a petition to the court and request an ordered liquidation (Note that the court has to approve this request as if the creditors are found to be unreasonably refraining from alternative measures, the request can be dismissed)<\/li>\n\n\n\n<li>If approved, the court appoints one or more Liquidator along with an Official Receiver &#8211; who will begin valuing, marketing and selling the Company\u2019s assets. (The creditors may intervene and assign their own liquidator during this process, and as a business owner\/director your best option is to seek guidance from an \u201cInsolvency Practitioner\u201d who\u2019ll help mitigate potential negative outcomes of compulsory liquidation. )<\/li>\n<\/ol>\n\n\n\n<h6 class=\"wp-block-heading\">Outcomes<\/h6>\n\n\n\n<p class=\"wp-block-paragraph\">Once all assets have been liquidated, even though directors of limited liability companies are not usually held personally liable, if the court accuses any director of wrongful trading, they will be subjected to make a payment to the company.<\/p>\n\n\n[et_pb_section global_module=\"25606 \"][\/et_pb_section]\n\n\n\n<h6 class=\"wp-block-heading\">Voluntary Liquidation<\/h6>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Members\u2019 Voluntary (Solvent) Liquidation (MVL)<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">If the shareholders themselves voluntarily decide to liquidate their assets, then they may appoint a liquidator to realize the assets of the business and distribute the proceeds among&nbsp;the company members. This form of liquidation will allow you to extract the value of the business in the form of cash, and even save you money on taxation (as instead of being charged an Income Tax, you\u2019ll be charged a Capital Gains Tax).<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li>Creditors\u2019 Voluntary (Insolvent) Liquidation (CVL)<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">This form is very similar to Members\u2019 Voluntary Liquidation, except for the fact that the company entering into liquidation is insolvent, and all the assets of the company will go to the creditors of the company (not the members).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And there you have it, the somewhat complicated procedure of company liquidation simplified!<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"100\" height=\"56\" src=\"https:\/\/simplebooks25.wpenginepowered.com\/srilanka\/wp-content\/uploads\/sites\/6\/2024\/03\/swatch.jpg\" alt=\"\" class=\"wp-image-25543\" style=\"width:300px\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">What happens after Company Liquidation?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">After following up the procedure of liquidation as prescribed by the law the registrar of Companies in Sri Lanka finally issues a Certificate stating that the company is finally wound up and dissolved. This is the death certificate of the company so it is recorded in the files maintained by the registrar in the Company. This avoids the Company from taking part actively in trade and protects the community from fraud.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A company cannot be brought to an end in a single thought by an owner. There is a specific procedure one need to follow upon closing a company. Below guide will explain the procedure of closing up a company.<\/p>\n","protected":false},"author":1,"featured_media":25544,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[18],"tags":[26],"class_list":["post-4641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","tag-secretarial-service"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Company Liquidation - What you need to know about<\/title>\n<meta name=\"description\" content=\"A company cannot be brought to an end in a single thought by an owner. There is a specific procedure one need to follow upon closing a company. Below guide will explain the procedure of closing up a company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simplebooks.com\/srilanka\/company-liquidation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Company Liquidation - What you need to know about\" \/>\n<meta property=\"og:description\" content=\"A company cannot be brought to an end in a single thought by an owner. There is a specific procedure one need to follow upon closing a company. Below guide will explain the procedure of closing up a company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/simplebooks.com\/srilanka\/company-liquidation\" \/>\n<meta property=\"og:site_name\" content=\"Sri Lanka\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/teamsimplebooks\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-26T14:07:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-12T17:15:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/simplebooks.com\/srilanka\/wp-content\/uploads\/sites\/6\/2018\/08\/Company-Liquidation-\u2013-What-You-Need-To-Know-About.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aabith Sabeer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aabith Sabeer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation\"},\"author\":{\"name\":\"Aabith Sabeer\",\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/#\\\/schema\\\/person\\\/c5910898e76dd74aacc1c16b1d15347a\"},\"headline\":\"Company Liquidation &#8211; What you need to know about\",\"datePublished\":\"2018-08-26T14:07:59+00:00\",\"dateModified\":\"2025-10-12T17:15:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation\"},\"wordCount\":867,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2018\\\/08\\\/Company-Liquidation-\u2013-What-You-Need-To-Know-About.jpg\",\"keywords\":[\"Secretarial Service\"],\"articleSection\":[\"English\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation\",\"url\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation\",\"name\":\"Company Liquidation - What you need to know about\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2018\\\/08\\\/Company-Liquidation-\u2013-What-You-Need-To-Know-About.jpg\",\"datePublished\":\"2018-08-26T14:07:59+00:00\",\"dateModified\":\"2025-10-12T17:15:28+00:00\",\"description\":\"A company cannot be brought to an end in a single thought by an owner. There is a specific procedure one need to follow upon closing a company. Below guide will explain the procedure of closing up a company.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation#primaryimage\",\"url\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2018\\\/08\\\/Company-Liquidation-\u2013-What-You-Need-To-Know-About.jpg\",\"contentUrl\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2018\\\/08\\\/Company-Liquidation-\u2013-What-You-Need-To-Know-About.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/company-liquidation#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Company Liquidation &#8211; What you need to know about\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/#website\",\"url\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/\",\"name\":\"simplebooks.com\",\"description\":\"Trusted by 4,500+ Sri Lankan businesses\",\"publisher\":{\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/#organization\",\"name\":\"Simplebooks\",\"url\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2026\\\/04\\\/cropped-simplebooks-new-favicon-1.jpg\",\"contentUrl\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2026\\\/04\\\/cropped-simplebooks-new-favicon-1.jpg\",\"width\":512,\"height\":512,\"caption\":\"Simplebooks\"},\"image\":{\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/teamsimplebooks\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/simplebooks.com\\\/srilanka\\\/#\\\/schema\\\/person\\\/c5910898e76dd74aacc1c16b1d15347a\",\"name\":\"Aabith Sabeer\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f6d02faded842c9ae7db06b3db38b9cb05e62d86694b0971b474ba69d3e14f29?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f6d02faded842c9ae7db06b3db38b9cb05e62d86694b0971b474ba69d3e14f29?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f6d02faded842c9ae7db06b3db38b9cb05e62d86694b0971b474ba69d3e14f29?s=96&d=mm&r=g\",\"caption\":\"Aabith Sabeer\"},\"description\":\"Co-Founder of Simplebooks, combines his passion for helping Sri Lankan businesses with over 10 years of professional experience. As a Chartered Accountant, Certified Tax Advisor, and Registered Company Secretary with a Bachelor's in Business (Finance), he offers expert insights on company registration, tax, accounting, and auditing to empower entrepreneurs and SMEs\",\"sameAs\":[\"https:\\\/\\\/simplebooks.com\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Company Liquidation - What you need to know about","description":"A company cannot be brought to an end in a single thought by an owner. There is a specific procedure one need to follow upon closing a company. Below guide will explain the procedure of closing up a company.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/simplebooks.com\/srilanka\/company-liquidation","og_locale":"en_US","og_type":"article","og_title":"Company Liquidation - What you need to know about","og_description":"A company cannot be brought to an end in a single thought by an owner. There is a specific procedure one need to follow upon closing a company. Below guide will explain the procedure of closing up a company.","og_url":"https:\/\/simplebooks.com\/srilanka\/company-liquidation","og_site_name":"Sri Lanka","article_publisher":"https:\/\/www.facebook.com\/teamsimplebooks\/","article_published_time":"2018-08-26T14:07:59+00:00","article_modified_time":"2025-10-12T17:15:28+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/simplebooks.com\/srilanka\/wp-content\/uploads\/sites\/6\/2018\/08\/Company-Liquidation-\u2013-What-You-Need-To-Know-About.jpg","type":"image\/jpeg"}],"author":"Aabith Sabeer","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aabith Sabeer","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/simplebooks.com\/srilanka\/company-liquidation#article","isPartOf":{"@id":"https:\/\/simplebooks.com\/srilanka\/company-liquidation"},"author":{"name":"Aabith Sabeer","@id":"https:\/\/simplebooks.com\/srilanka\/#\/schema\/person\/c5910898e76dd74aacc1c16b1d15347a"},"headline":"Company Liquidation &#8211; What you need to know about","datePublished":"2018-08-26T14:07:59+00:00","dateModified":"2025-10-12T17:15:28+00:00","mainEntityOfPage":{"@id":"https:\/\/simplebooks.com\/srilanka\/company-liquidation"},"wordCount":867,"commentCount":1,"publisher":{"@id":"https:\/\/simplebooks.com\/srilanka\/#organization"},"image":{"@id":"https:\/\/simplebooks.com\/srilanka\/company-liquidation#primaryimage"},"thumbnailUrl":"https:\/\/simplebooks.com\/srilanka\/wp-content\/uploads\/sites\/6\/2018\/08\/Company-Liquidation-\u2013-What-You-Need-To-Know-About.jpg","keywords":["Secretarial Service"],"articleSection":["English"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/simplebooks.com\/srilanka\/company-liquidation#respond"]}]},{"@type":"WebPage","@id":"https:\/\/simplebooks.com\/srilanka\/company-liquidation","url":"https:\/\/simplebooks.com\/srilanka\/company-liquidation","name":"Company Liquidation - What you need to know about","isPartOf":{"@id":"https:\/\/simplebooks.com\/srilanka\/#website"},"primaryImageOfPage":{"@id":"https:\/\/simplebooks.com\/srilanka\/company-liquidation#primaryimage"},"image":{"@id":"https:\/\/simplebooks.com\/srilanka\/company-liquidation#primaryimage"},"thumbnailUrl":"https:\/\/simplebooks.com\/srilanka\/wp-content\/uploads\/sites\/6\/2018\/08\/Company-Liquidation-\u2013-What-You-Need-To-Know-About.jpg","datePublished":"2018-08-26T14:07:59+00:00","dateModified":"2025-10-12T17:15:28+00:00","description":"A company cannot be brought to an end in a single thought by an owner. There is a specific procedure one need to follow upon closing a company. Below guide will explain the procedure of closing up a company.","breadcrumb":{"@id":"https:\/\/simplebooks.com\/srilanka\/company-liquidation#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/simplebooks.com\/srilanka\/company-liquidation"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/simplebooks.com\/srilanka\/company-liquidation#primaryimage","url":"https:\/\/simplebooks.com\/srilanka\/wp-content\/uploads\/sites\/6\/2018\/08\/Company-Liquidation-\u2013-What-You-Need-To-Know-About.jpg","contentUrl":"https:\/\/simplebooks.com\/srilanka\/wp-content\/uploads\/sites\/6\/2018\/08\/Company-Liquidation-\u2013-What-You-Need-To-Know-About.jpg","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/simplebooks.com\/srilanka\/company-liquidation#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/simplebooks.com\/srilanka\/"},{"@type":"ListItem","position":2,"name":"Company Liquidation &#8211; What you need to know about"}]},{"@type":"WebSite","@id":"https:\/\/simplebooks.com\/srilanka\/#website","url":"https:\/\/simplebooks.com\/srilanka\/","name":"simplebooks.com","description":"Trusted by 4,500+ Sri Lankan businesses","publisher":{"@id":"https:\/\/simplebooks.com\/srilanka\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/simplebooks.com\/srilanka\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/simplebooks.com\/srilanka\/#organization","name":"Simplebooks","url":"https:\/\/simplebooks.com\/srilanka\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/simplebooks.com\/srilanka\/#\/schema\/logo\/image\/","url":"https:\/\/simplebooks.com\/srilanka\/wp-content\/uploads\/sites\/6\/2026\/04\/cropped-simplebooks-new-favicon-1.jpg","contentUrl":"https:\/\/simplebooks.com\/srilanka\/wp-content\/uploads\/sites\/6\/2026\/04\/cropped-simplebooks-new-favicon-1.jpg","width":512,"height":512,"caption":"Simplebooks"},"image":{"@id":"https:\/\/simplebooks.com\/srilanka\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/teamsimplebooks\/"]},{"@type":"Person","@id":"https:\/\/simplebooks.com\/srilanka\/#\/schema\/person\/c5910898e76dd74aacc1c16b1d15347a","name":"Aabith Sabeer","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f6d02faded842c9ae7db06b3db38b9cb05e62d86694b0971b474ba69d3e14f29?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f6d02faded842c9ae7db06b3db38b9cb05e62d86694b0971b474ba69d3e14f29?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f6d02faded842c9ae7db06b3db38b9cb05e62d86694b0971b474ba69d3e14f29?s=96&d=mm&r=g","caption":"Aabith Sabeer"},"description":"Co-Founder of Simplebooks, combines his passion for helping Sri Lankan businesses with over 10 years of professional experience. As a Chartered Accountant, Certified Tax Advisor, and Registered Company Secretary with a Bachelor's in Business (Finance), he offers expert insights on company registration, tax, accounting, and auditing to empower entrepreneurs and SMEs","sameAs":["https:\/\/simplebooks.com\/"]}]}},"_links":{"self":[{"href":"https:\/\/simplebooks.com\/srilanka\/wp-json\/wp\/v2\/posts\/4641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simplebooks.com\/srilanka\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simplebooks.com\/srilanka\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simplebooks.com\/srilanka\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simplebooks.com\/srilanka\/wp-json\/wp\/v2\/comments?post=4641"}],"version-history":[{"count":0,"href":"https:\/\/simplebooks.com\/srilanka\/wp-json\/wp\/v2\/posts\/4641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simplebooks.com\/srilanka\/wp-json\/wp\/v2\/media\/25544"}],"wp:attachment":[{"href":"https:\/\/simplebooks.com\/srilanka\/wp-json\/wp\/v2\/media?parent=4641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simplebooks.com\/srilanka\/wp-json\/wp\/v2\/categories?post=4641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simplebooks.com\/srilanka\/wp-json\/wp\/v2\/tags?post=4641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}