Selling or closing a business
Selling or closing a limited company
If you are selling or closing a limited company there are a number of things you need to consider.
If the company or organisation is liable for Corporation Tax, it will still have to file Company Tax Returns and pay Corporation Tax during the closing or winding-up process when the company stops trading.
Closing a limited company
If you are closing a limited company you usually need to have the agreement of your company's directors and shareholders. The way you close the company depends on whether it can pay its bill - known as solvent- or can't pay its bills - known as insolvent.