Many accountants often define CVA procedures as a way of telling everybody that your company is insolvent but not going into liquidation.
Any director hearing this will naturally say that the result of that would be to go into liquidation!
It is much harder than you would think for many people to define a CVA.
Ok, so you can say that it’s the only insolvency procedure that allows a company to trade on when insolvent whilst being controlled by the same directors – and that would be true.
What is not very well known is that a CVA is a new start but with the same company.
The status of the company remains so that there is no startup headaches.
Call TaxGone on: 01302 815846 to define CVA procedures that could persuade you not to liquidate.
TaxGone - Company Voluntary Arrangement - CVA Specialists
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