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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
