Closing A Limited Company

Should I Strike Off or Liquidate My Company Are you considering closing your company but unsure whether to strike off or liquidate? This decision can be daunting, with various factors and potential consequences. We guide you through the differences between striking off and liquidation, the pros and cons of each process, and the legal obligations…

What Is the Process of Liquidating a Partnership Business Closing a partnership business can be a complex and stressful process. Understanding the various aspects of partnership liquidation and its alternatives can help partners navigate this difficult path with confidence. Liquidating a partnership business is a complex process that involves winding up an unincorporated entity and…

Closing A Company With Debts And No Assets As a business owner or director, it’s crucial to understand the available options when closing a company with debts and no assets. Options include negotiating with creditors, considering formal insolvency procedures like a Creditors’ Voluntary Liquidation (CVL) Ensuring compliance with legal obligations throughout the process, communication with…

How To Close A Limited Company Without Paying Tax? Closing a limited company is a complex process, but what if we told you there are ways how to close a limited company without paying taxes? Understanding the tax implications and utilising the right strategies makes it possible to dissolve your company tax-efficiently. To close a…

Liquidation vs Dissolution | The key Differences Liquidation is the process of closing a company and distributing its assets to creditors, while dissolution is the legal termination of a company’s existence. Companies may choose to dissolve for various reasons, such as insolvency or reaching the end of their purpose, and the process typically involves filing…

What Happens To Bounce Back Loans if a Business Goes Bust? When businesses struggle to repay Bounce Back Loans, they can refinance existing company debt and seek professional advice from insolvency practitioners. Businesses remain liable for unpaid Bounce Back Loans when they go bust. We look at the potential implications of Bounce Back Loans on insolvency,…

Closing A Limited Company Are you considering closing your limited company but unsure of the steps involved? From informing HM Revenue and Customs (HMRC) to settling outstanding debts, there are legal requirements and tax implications to consider. We look closely at the reasons why someone would want to close their limited company, the steps involved…

Can I Wind Up My Own Company? Is it time to close your business? The decision to wind up your company can be a difficult one. Directors can wind up their company by submitting Form DS01 to Companies House. This voluntary dissolution process involves repaying creditors and removing the company name from the official register…

I Want To Close My Business and Walk Away Before closing your business, it’s crucial to know whether your company is solvent or insolvent. This determination will significantly impact the liquidation process and the steps you’ll need to take. As a business owner, it can be challenging to make this assessment, especially when emotions are…

What Happens if I Can’t Afford to Liquidate My Company? Imagine you’re a director of a small company that has hit a rough patch. Your business is struggling, and you’re facing insolvency. You know that liquidation is a potential solution, but what happens if I can’t afford to liquidate my company? This blog post will…