Can you be a shareholder when bankrupt?
My client was declared bankrupt last year. In the meantime he has a successful sole trade. He wants to incorporate as the business is going well with his partner as director until he is discharged (next year).
What are the pitfalls in this?
Presumably he can still be a shareholder?
It feels a bit wrong however. Is this common?
Thanks in advance
- Ex Gratia payments 105 2
- HMRC request for Sage Back Up 2,200 27
- Employee satisfaction surveys 75 1
- How quickly do you turn around y/e accounts? 2,230 17
- PAYE coding notice - deliberate misstatement 1,339 21
- CIS and Close Company 135 3
- Sage 200 and Access Dimensions reviews 302 1
- VAT Option to tax 483 17
- Brain freeze - loss on disposal of company car 189 6
- Capital allowance vehicle exchange 204 7
- S162 and Capital Allowances 139 2
- Director leaving in month 1 178 2
- HMRC chasing club for unpaid fees 304 3
- Unaudited accounts and an accountant’s certificate of confirmation 186 4
- Selling assets to yourself ? 203 3
- 24 Month Rule - New Employer 199 3
- Director's remuneration accrual 184 4
- IHT - clawback of BPR 59 1
- EIS - connection through employment 99 2
- HMRC Dispensation - How long does it last for? 259 3
- Residential Property Purchase Above £750K 916
- Using Sage with Sofa Categories 645
- Free Tax Legislation? 411
- Director Loan account operation 407
- Understanding the implications of January 2015 VAT changes for downloads on threshold for VAT registration 349
- transferring simply accounting 2010 from xp to windows 7 323
- rent-a-room allowance for part of the year 230
- Paye procedures for CVA 224
- HMRC Second Income Campaign - not so much a question as heads up 196
- Pension Fixed Protection 163