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Closing down a limited company in the easiest way. We can help for the strike off limited company easily. We also help setting up a llp quickly and easily.\n\n\n\n\n

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going ba c k to sole tr a der closing down a limi

Goingbackto

soletrader:

closingdowna

limitedcompany

i t s a n a l l t o o comm

It’sanall-too-commonstory.Timesweregood,youhadnewclientscomingoutofyourears,moreworkthanyoucouldhandleandyourbankaccountwasoverflowing.Youdidthesensiblethingandformedalimitedcompanytomakethemostofyourearnings–cleveryou.It’sanall-too-commonstory.Timesweregood,youhadnewclientscomingoutofyourears,moreworkthanyoucouldhandleandyourbankaccountwasoverflowing.Youdidthesensiblethingandformedalimitedcompanytomakethemostofyourearnings–cleveryou.

Butthen;disaster.Maybeyourbiggestclientwentbelly-up,orastringofsexual

misadventureswithacoworker’sspousefinallycaughtupwithyou.Yourincome

plummets,andsuddenlytheextrapaperworkandCompaniesHousefilingsjustdon’tseem

worthit–youpineforthedaysofsoletradershipandfinally,aftermuchdeliberation,youdecidetoDissolvingalimitedcompany

Howdoyoudothat,exactly?

Geteverythingsquaredaway

Althoughyou’llgoonconductingyourbusinessasasoletraderyourlimitedcompany,asalegalentity,musthaveallitslooseendstidiedaway.Thismeanssettlinganyoutstandingbills,andcollectinganyowedinvoices,andmakingsureyoumakeprovisionsforanyrunningcoststhatmaybeincurredbetweennowandwhenyourcompanyislegally

wound-up(forexample,ifyou’repayinganaccountanttofinalizeyourlastbatchofreturnsoremployingsomecreditcontrolservicestoroundupthoselatepayers).

Thegoodnewsisthatthesecanbetreatedaslegitimatebusinessexpenses,andsocanoffsetyourfinaltaxbill.

Whatelse?

CompaniesHouse

YouwillneedtofileformDS01withCompaniesHouseinorderto‘strikeofflimited

company/dissolvingalimitedcompany’yourcompany.Thiscanonlybedoneafterthe

companyhasnotbeentradingfor3months.

VAT

IfyouareVATRegistered,youwillneedtoinformHMRCofyourintentiontode-registerbycompletingaVAT7form.Oncethisformisreceived,HMRCwillcontactyouwithyourde-registrationdate.YoumustalsocompleteafinalVATReturnthattakesintoaccountthingssuchasleftoverstockoranyequipmentyourbusinessowns.

CorporationTax

YoumustinformHMRCthatyourcompanyisnolongertradingsotheydonotissuefurtherremindersforCorporationTax.

p a y e sc h eme i f y ou o p erate

PAYEScheme

IfyouoperateaPAYESchemeHMRCwillalsoneedtobetoldthatitisnolongerinoperation,anditwillneedtobecloseddown.

CapitalGains

Ifyou’reoperatingalimitedcompanyasafreelancerthere’sagoodprobabilityyourequipment(laptopetc.)isownedbyyourcompanyfortaxreasons–ifyoutakepossessionofcompanyequipmentpersonallywhenyourcompanyiswouldupyoumayneedtopayCapitalGainstaxonthoseitems.

Butwait…

Dissolvingalimitedcompanyis,asyoucanseefromtheabove,abitofahassle.There

areotherconsiderationstoo–ifyoude-registerfromtheFlatRateVATscheme,youcannotre-registerforayear.Ifthegoodtimesreturnandyoudecidetore-incorporatethiscould

meanyou’reoutofpocket.

Ifyouthinkyoumightwanttotradethroughyourlimitedcompanyagainsoon,youalwayshavetheoptionofputtingit“onhold”.InsteadofinformingHMRCthatyouintendtoclosethelimitedcompanydownyoucanmakethecompany“dormant”.Youwillstillhavetofilecertaintaxreturns,buttheywillbe“nilreturns”,meaningyoujustreportaloadofzeroestoHMRCtoshowthemyou’renottrading.

Youcanworkasasoletraderoutsideyourlimitedcompanyinthemeantime,andreturntoworkingthroughyourlimitedcompanywhenitmakesfinancialsense(althoughbearinmindthiswillmakeyourself-assessmentrathermorecomplicated).

windingupofllpintheeasiestway.VentureCarecanhelpyouguidethroughtheprocedurefortheclosureofyourLLPquicklyandeasily.

c o n tact us h e a d office

ContactUs:

HeadOffice(India)

Sr.No-29,Ajikyatara,kalaniketan,VentureCare

Bank,3031AVRotterdam,(NL)Pune,Maharashtra411043(IN)

Phone:(020)-65363633

VentureCareBranchOffice(Netherlands)

Dhankawadi,NearRajshriShahuJonkerFransstraat46,

Phone:+31614575275