In most circumstances, directors and shareholders arenât liable for a limited companyâs debts. But there are some situations when you can be held personably accountable for your firmâs debt. If your business is struggling financially, you might have thought about…
IR35 rule changes pose a significant challenge for limited company contractors that work closely with their clients. If you’re a contractor, there is a strong chance that you will be caught out by IR35 if any of the following statements…
How to Close a Solvent Limited Company If a company has the money to pay its bills then it is solvent. Solvent companies are relatively easy to close. The cheapest way is to get a company struck off the Register…
When you’re seeking finance for your limited company, personal guarantees can be difficult to avoid. Banks and other lenders often insist on a personal guarantee. And if your limited company gets into financial difficulty, you will be personally liable for…
Limited company directors are not automatically liable for their business debts, but there are two main circumstances under which the director would be held responsible for the debts. The director would be responsible if they have offered a personal guarantee…
Accountants are preparing for a fresh wave of limited company closures in early April when the long-dreaded IR35 reforms for Public Sector Contractors take effect. From 6th April 2017, the way that IR35 legislation is applied in the public sector…
Our friendly and experienced insolvency team is here to help you find the right way forward. Whether your business is facing financial pressure, creditor or HMRC issues, or you’re considering closing your company, we’ll provide clear, confidential guidance and practical support every step of the way.
Call 01625 546 240 now or request a callback from a Licensed Insolvency Practitioner below.*
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