I have just been informed of the death of a limited company contractor. He was the sole shareholder of the company and made his wife is a co director - although she didnt perform any active roles for the company.
Due to his death, the wife (who is also a director) would like to close the company. I need advise with the following, pls
1. what happens to any money left in the company's bank account
2. it will be difficult to prepare the company's final accounts and corporation tax return as the wife does not know the company's income and expenditure. what is the best way to deal with this?
3. Can the wife transfer the share to herself?
Thank you for your positive advice on this