Closing a limited company is a decision often driven by various circumstances, such as financial challenges, changes in business direction, or retirement. Regardless of the reasons behind the closure, understanding the most cost-effective way to wind up your limited company is essential. In this article, we will explore several strategies and avenues to help you close your company while minimising the cost.
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This article examines director liability after resignation. While day-to-day responsibilities cease immediately, liabilities for past actions persist, including insolvency-related debts, fraudulent conduct, director's loans, personal guarantees, and statutory obligations.
