How to close Limited Company？
Ways to Close a Company: Strike-Off vs Winding-Up：
1. Strike-Off：
- Suitable for companies with a simple structure:
- The company has no outstanding debts (including fines and liabilities)
- The company has ceased operations
- No intention to resume business
- The company has no assets
2. Winding-Up
Suitable for companies with debts or more complex situations:
Scenario 1: Able to settle debts
- Apply for Members’ Voluntary Winding-Up
Scenario 2: Unable to settle debts
- Proceed with Creditors’ Voluntary Winding-Up
- Convene a creditors’ meeting to decide on the winding-up process
Scenario 3: Unable to wind up voluntarily
- Apply for Compulsory Winding-Up through the court