In this article, we will delve into the different scenarios that may lead to the closure of a limited company and examine the implications on directors, focusing on personal liability and director's loans.
In the world of business, it is highly likely that your company will at some point pay tax; be it VAT, PAYE/NI or Corporation Tax. Businesses can find themselves juggling an array of financial responsibilities and it can become overwhelming, especially if the business is unable to meet its tax obligations.
