How do we close company and what happen to asest and liabilities
People talk very casually that when bills for utilities are very high and outstanding they just close company and start new company
I am sure it can not be true
Replies (3)
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It's true
Sadly there are many people who have no ethics and no morals. Personally I'd shoot the lot of them.....
My approach would:
- lead to lower tax bills for the rest of us
- create employment (the job of shooting the scummy little tosspots)
- leave more funds available for education so there were fewer spelling mistakes to annoy me
- make the world a better place
@Flash
My approach would be less extreme. I would put them into hard labour (minimum wages, no benefits), working for the people who they ripped off.
Dumping debts causes losses for others, or we pay higher bills to make up for the losses.
I would make an exception for people who have problems, eg. serious & genuine illness.