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How Do You Dissolve a Limited Company With or Without Debt?
There are many reasons why you’d want to dissolve a company, whether it is solvent or insolvent. Closing down a limited company with or without debts is a cost-effective way of removing a dormant company from Companies House and doesn’t require the need for liquidation. Dissolving a limited company, also known as voluntary dissolution, removes […]
November 16, 2021
10 Things You Can and Can’t Do with Power of Attorney
Every three minutes in the UK, someone is diagnosed with dementia. However, family members are unable to access their finances or do anything about their home and care unless the court has granted them authority through a Power of Attorney (PoA) or a Lasting Power of Attorney (LPA). As people get older, they may not […]
November 9, 2021
Top 10 Tips for Leading Your Business Through the Covid-19 Pandemic
Nobody can deny that the past 18 months have been some of the toughest times ever for businesses across the world. The Covid-19 pandemic forced companies, firms and organisations into adapting to completely different work environments, economies and implementing new technology. But, as nations around the world are emerging from the worst economic climate since […]
November 3, 2021
Do You Really Need a Solicitor to Help with Estate Administration?
When you die, any possessions, cash, property or other assets you owned are known as your ‘estate’. In most cases, your estate will need to be administered to comply with legal requirements in terms of carrying out your wishes in your will, making sure the beneficiaries receive what has been left to them, as well […]
October 18, 2021
Why Would Any Company Pay Dividends in Cash Instead of Stock?
Shareholders of a company receive annual dividends as a return on their investment. A company pays the dividends from their trading profit, known as their retained earnings, after Corporation Tax has been deducted. What are liquidating dividends? Dividends are a share of a company’s profits that is paid to shareholders, usually annually, based on the […]
October 11, 2021
What Are the Pros and Cons of Debt-Free Companies?
There are businesses the world over who aspire to be debt-free. It’s that ideal, that dream of no money worries, which drives many business owners. But is being debt-free really all it’s cracked up to be? Whilst it may be the position so many strive for, in reality it’s not always the best option. What […]
September 21, 2021
What Are Liquidation Proceedings?
In the UK, there is a set process to closing down or restructuring a limited company, whether it is solvent or insolvent. This process is known as liquidation and can only be handled by a licensed insolvency practitioner (IP) in accordance with the Insolvency Act 1986. Types of liquidation proceedings There are four main […]
September 12, 2021
In What Cases Can I Proceed With the Liquidation of a Company?
There are a number of situations whereby a company can be liquidated. The majority of company liquidations are either voluntary or compulsory. However, the circumstances for entering a company liquidation process are different for each company. When to enter company liquidation? There are three types of company liquidation: Compulsory liquidation – the company is unable […]
August 30, 2021
How Important Is It to Find a Debt Consolidation Expert that is Reliable and Efficient?
Nobody likes being in debt; if you are personally or professionally in financial trouble, the sooner you seek help from a debt consolidation expert, the quicker the problem can be resolved and agreements to pay back creditors put in place. However, if the debt consolidation expert you choose to work with is not reliable or […]
August 19, 2021
What is the Procedure for a Members Voluntary Liquidation in the UK? Is It Complicated?
A members voluntary liquidation in the UK is a formal process to close a company and must only be entered into if solvent, i.e. there are sufficient funds to pay their debts including tax liabilities and any contractual obligations. So, why close the company? There are a number of reasons why directors of a solvent […]
July 14, 2021
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