When a business reaches the end of its journey, there’s more to it than just closing the doors.
It’s a process that has to be consistent and compliant every time, which is why so many professionals managing liquidation cases rely on ready-made forms as a key part of their workflow.
In this post, we’ll break down who can benefit from a liquidation form, share 20+ questions to include in it, and show you how to access a fully editable template with Content Snare.
Let’s take a closer look!
Who can use this liquidation form template
If you work with liquidation cases regularly, you don’t need us to explain how important it is to collect the right information quickly and consistently. This template is built for professionals who need a reliable and repeatable way to manage documentation for business closures:
- Accountants
- Bookkeepers
- Insolvency practitioners
- Legal administrators
- Business consultants and advisors
- Corporate finance teams
All of these professionals can rely on our liquidation form template to reduce back-and-forth and standardize their processes. Content Snare is trusted by more than 1,600 businesses across industries like accounting, bookkeeping, legal, and corporate finance, many of whom manage liquidation cases regularly.
Access our ready-made liquidation form
Content Snare is the stress-free way to get liquidation details from clients securely and without the email ping-pong. Sign up for free to access our built-in liquidation form template.
20+ questions for your liquidation form
A good liquidation form does more than collect names and dates - it also guides your clients through the process, so no major details can be missed. Below is a sample layout you can use to build or customize your own form.
| Note: We added a few screenshots from our built-in template, so you get to see how Content Snare makes this form intuitive and easy to fill out. |
Business details
Start by gathering the basic information about the company being liquidated, so you can identify the entity and ensure compliance with local registration and reporting requirements. Be sure to match these details against official company records.
1. Legal business name
2. Trading name
3. Registered business address
4. Company registration number
5. Business structure
Options: Sole trader, Partnership, Corporation, LLC, Trust, Other
6. Date of incorporation
7. Date liquidation is to commence
Financial overview
It’s important to understand the financial situation of the business because it enables you to prioritize tasks and properly manage creditor expectations. The following questions also give context for why liquidation is taking place.
8. Estimated value of total assets
9. Estimated value of total liabilities
10. List of secured creditors
11. List of unsecured creditors
12. Is there an existing balance sheet or financial report available?
If yes, please upload the document(s).
13. Are there any outstanding tax obligations?
14. Has the business been trading while insolvent?
Director and stakeholder information
This section ensures everyone involved in decision-making is documented, and it also verifies who holds responsibility for the business's actions.
15. Full names of all directors
Note: Provide their names, emails, and phone numbers.
16. Shareholder names and percentage ownership
17. Are any directors also creditors?
18. Have any directors resigned in the past 12 months?
Assets and inventory
The next step is to identify what the business owns that may be sold or distributed, including physical inventory, equipment, property, and intangible assets.
19. List of physical assets
Note: Think of items such as equipment, vehicles, devices, etc.
20. List of inventory or stock on hand
21. List of owned property or leased spaces
22. Do you own any kind of intellectual property?
Note: Think of property such as trademarks, patents, etc.
Liquidation preferences
Finally, clarify any client-specific instructions or known challenges in the liquidation process. This section can guide your workflow by flagging legal concerns, but you can also use it to note preferred methods of contact and document delivery.
23. Preferred liquidation method
Options: Members’ voluntary liquidation, Creditors’ voluntary liquidation, Compulsory liquidation, Simplified liquidation, Provisional liquidation, Deregistration or strike-off.
24. Are there any legal proceedings underway?
If yes, please clarify.
25. Preferred contact person during the process
26. Preferred method for receiving reports or updates
Options: Email, Phone, In-person, Text
Streamline your work with Content Snare
If you’re handling liquidation forms regularly, chasing clients for the right information can slow everything down. That’s exactly why Content Snare exists: to make the collection of information and documents simple and automated.
Our fully editable liquidation form template is built for professionals like you. You can customize it to fit your workflow, share it with clients via a secure link, and get the right docs and information without the back-and-forth.
Automated reminders and progress tracking mean fewer follow-ups and more time saved. In addition, built-in security (including ISO 27001 certification and military-grade encryption) means your clients’ data is always protected.
This is how members of Liston Newton Advisory describe their experience with Content Snare:
In terms of numbers, I would say that it has improved the efficiency by 50%, but we're still continuously improving it. Data accuracy and completeness improved massively, I would say 70%.
Sounds like a good deal?
Start your 14-day Content Snare free trial and get instant access to our liquidation form template - no messy communication, just clean and consistent data collection.
FAQ
What is a liquidation form used for?
A liquidation form is a structured document used to collect all essential data required to legally wind up a business. This includes company identification details, financial disclosures (such as assets and liabilities), director information, and creditor lists: information often required for compliance with local insolvency laws and financial reporting standards (e.g., GAAP or IFRS).
Can I customize the template for different types of liquidation?
Yes, Content Snare’s liquidation form template is fully customizable to suit various types of liquidation. You can easily adapt sections based on your jurisdiction, regulatory requirements, or firm-specific processes. With our platform’s built-in editor and automated workflows, accounting and legal professionals can create repeatable, secure forms tailored to their exact needs.
