Stop Trading | What are your Options?

If you're a Limited Company owner managed business, there’s no doubt the covid-19 pandemic was a curve ball we all didn’t see coming, and if you’re a business owner then the economic effects of the pandemic may still be causing you distress, anguish and uncertainty in your business.
If you have or feel you are soon about to stop trading, or if you’ve simply just had enough through your Limited Company and are wondering about your ‘what next’ options.

We’ve put together a free, helpful guide to give you an insight into solvent liquidation options if you stop trading, as well as some more information about the associated taxes and how to get started.

⏱️ Time Stamps:
1:08 - Keep your company open and active
2:07 - Switching to dormant status
3:48 - Putting your company into a solvent liquidation
4:54 - Insolvent liquidation
6:02 - Sell your business/company

★ We hope this video will help you understand your options if you have stopped trading through your limited company and taken you one step closer to knowing your numbers.

★☆★ OUR MISSION ★☆★
Me & my team are dedicated to helping and empowering YOU to 'Know Your Numbers' so you can make calculated and informed decisions in your business, company and personal finances towards your definition of success.

★☆★ OUR PHILOSOPHY ★☆★
If you take care of your numbers (finances), your numbers will take care of you, your family and those you value the most.

🔴 DISCLAIMER
Our videos are for general guidance, education and empowerment in helping you understand accounting, tax and your numbers. They in no way constitute specific advice to your specific circumstances. Me & my team would be delighted to help you with your specific queries or accounting requirements through a formal engagement.

#StopTrading #Ceased Trading

[theinvestmentdoctor]

Would you be able to make a video to help doctors with their taxes. We’re getting taxed excessively and the HMRC is not showing any mercy. Would appreciate your advice.