Corporate groups and family-owned groups often possess subsidiaries that no longer fulfil their purpose or are redundant.
Levi Consulting offers a comprehensive service to declutter by winding up dormant companies through the Members’ Voluntary Winding Up (MVL) process. This process is also known as corporate simplification.
Family-owned groups need to declutter dormant companies in a tax-efficient manner, particularly where there are revenue reserves and capital reserves.
Our experienced team can assist to identify suitable entities and advise and implement the most effective means of winding up.
The Hidden Cost of Complexity
For many businesses, especially corporate groups and family offices, managing a sprawling web of subsidiaries can feel like carrying excess baggage on a long journey. Redundant entities weigh down decision-making, inflate costs, and create unnecessary administrative headaches. So why hold onto them?
Corporate simplification isn’t just a tidy-up—it’s a strategic move to sharpen focus, reduce risks, and boost efficiency. By eliminating inactive or redundant companies, businesses can streamline operations, free up valuable resources, and position themselves for future growth.
The Big Wins of Corporate Simplification
| Benefit | Impact |
| Cut Costs Without Cutting Corners | Reduce compliance expenses, financial reporting obligations, and audit fees. |
| Sharpen Your Focus | Enable leadership teams to focus on growth rather than managing outdated entities. |
| Clearer Financial Insights | Improve transparency, making it easier to track performance and allocate resources. |
| Tax Smarts | Ensure a tax-efficient exit strategy while reducing risk exposure. |
| Reduce Hidden Liabilities | Prevent dormant companies from becoming regulatory or financial liabilities. |
The Roadmap to a Simpler, Smarter Business
At Levi Consulting, we guide businesses through corporate simplification with a clear, structured approach:
- Step 1: Corporate Health Check
We conduct a deep dive into your corporate structure, identifying active, dormant, or underperforming entities. We assess financials, tax implications, and regulatory risks to ensure a data-driven strategy.
- Step 2: Building a Strategic Exit Plan
With insights in hand, we craft a tailored strategy that balances efficiency, compliance, and tax optimisation. Every step is designed to maximise cost savings while ensuring minimal disruption.
- Step 3: Seamless Execution
The liquidation process is handled smoothly, from asset transfers and liability settlements to obtaining necessary regulatory approvals. A Members’ Voluntary Liquidation (MVL) is often the preferred route for solvent subsidiaries, offering an orderly, tax-efficient wind-down.
- Step 4: Final Deregistration
Once liquidation is complete and Levi completes lodgements with ASIC, the company is deregistered by ASIC.
Why Levi Consulting?
Levi Consulting has successfully guided hundreds of companies through corporate simplification via members’ voluntary winding up. Our expertise ensures:
- Full compliance with ASIC and tax authorities.
- Tax-efficient asset distribution and risk mitigation.
- Clear, transparent stakeholder communication.
- A streamlined process completed within 3–4 months.
If your corporate group is weighed down by unnecessary complexity, let’s talk. Call David Levi at 0418 602 466 for a confidential discussion on how to simplify your corporate structure and unlock real business value.
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