Do assets belong to me personally or my company?
| 14-07-2021Within a limited company, anything that is bought by the company belongs to the company and anything bought by you, the director, belongs to you personally.
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Can I walk away from a limited company with debts?
|While there are options that allow companies to recover from their debts, can you walk away from a limited company with debts?
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Can I continue to be a company director after liquidating an insolvent company?
| 09-07-2021Yes, you can be a director after an insolvent company closes and are free to start a new limited company, provided there been no reason for disqualification.
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Can I liquidate a company myself?
|You can’t formally liquidate a company yourself. It must be carried out by a licensed insolvency practitioner. To liquidate your company, speak to us.
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How much does an insolvency practitioner cost?
| 08-07-2021The cost of an insolvency practitioner depends on the type of procedure set to be carried out for the company or individual.
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How long does it take to close and liquidate a company?
| 07-07-2021A company's liquidation can be anywhere between a few months to a few years to complete. It largely depends on the type of liquidation procedure undertaken...
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