If you liquidate a business there could be certain dangers that you may not have been made aware of at the time of signing all the documents.
This would include the repayment of any dividends at the time of insolvency, overdrawn director’s loan account or any unjustified expenses.
This could amount to thousands of pounds that may have not been budgeted for.
Many directors that have faced these sort of bills from the insolvency practitioner when they decided to liquidate a business, have wished that they had taken the cheaper option of either raising finance to keep the company trading or had proposed a Company Voluntary Arrangement.
Call TaxGone on 01302 815846 if you want to liquidate a business and we’ll arrange for a dry run liquidation first so that the unexpected never becomes so.
TaxGone - Company Voluntary Arrangement - CVA Specialists
from TaxGone http://ift.tt/1MgrO8K
via IFTTT
No comments:
Post a Comment