You must take care when closing a limited company. Ever been in a lift and wrongly hit the close button as people enter the lift? The decision taken when closing limited company can be that quick. The decision can trap people, especially yourself.
Have you discussed dividends, director loan accounts and inappropriate expenses before deciding to start closing limited company?
You haven’t? Don’t you think you should? Many directors tell us that the company that they have spoken to for advice has told them not to worry about these things as it will go away.
No it won’t! If you are a debtor to your own company then you have to pay the money back to the creditors – whoever you use!
That’s why options are so important. There is rarely one option. You owe it to yourself to explore every option before deciding to start closing a limited company. If you do decide to liquidate then the costs are from £3,500 plus vat.
Call TaxGone on 01302 815846 and we’ll give you the best elevator pitch that you’ve ever had without taking you for a ride.
TaxGone - Company Voluntary Arrangement - CVA Specialists
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