Winding down a limited company carefully

Winding down a limited company is painful as it is never smooth and rarely happens without the need to liquidate.

It may start off very orderly but end up a catastrophe as some creditors want paying immediately and faster than you can sell off the assets.

Also, when winding down a limited company, you can be in danger of creating a preference by paying one creditor whilst not paying another.

And if you don’t pay HMRC then you could face a winding up petition that could destroy your ability to keep to your schedule of repayments.

So if you are thinking of winding down a limited company then call TaxGone on: 01302 815846 and we’ll show you how to do this safely and to remind you that it’s valentines day today, just in case its slipped your mind.

TaxGone - Company Voluntary Arrangement - CVA Specialists

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