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Company Registration

Learn how to register a company, how best to set up a company in Australia with ASIC and more.

What happens to the assets of a not-for-profit Company on a winding-up?

On winding-up, the assets that are left over after the not-for-profit company has paid its debts must be distributed to another entity with similar objectives to the NFP such as (but not limited to) a charity. Assets cannot be distributed to shareholders at any point.

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