Hi All
What should I include in a forecast for costs of closure of a company. I'm thinking in terms of redundancy costs, paying of lease committments, terminating contracts etc - is there anything obvious I'm missing?
MJ
Replies (6)
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Corporation tax. PAYE, VAT. Closing Bank A/c, Creditors, Disposal of assets,Directors Loan A/cs
Is this for a solvent Liquidation (Members Voluntary Liquidation AKA an "MVL") or an insolvent Liquidation (Creditors Voluntary Liquidation aka "CVL") or are you anticipating paying all creditors off and dissolving the Company ordinarily?