Liquidating a ltd Adult chat free cam4
A limited company or LTD is set up as a separate legal entity from your personal finances and consists of members who own shares in the company.All profits are owned by the business, and in most cases; all debt is owed by the business.
In this case, it is the creditors who have the right to appoint the liquidator.
There are so many different opinions on the matter, yet, when it comes down to it, all you have to do is ask yourself: "Can I pay the bills as they fall due?
" If the answer is ‘Yes’ then you are not Insolvent – if you still want to look at closing your business then it is a Solvent Liquidation (Members Voluntary Liquidation) or Dissolution that you’ll need.
If a liquidation is necessary then it may even be able to be funded by a redundancy claim as explained below.
If you are a director of a limited company – which has been trading for over two years – and you are considering closing the company due to financial struggles (i.e.Usually a liquidation costs between £2,500 and £5,000 VAT, however, in a lot of cases it will end up costing the director nothing!