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What is an Insolvency Practitioner?

Understand the role of an insolvency practitioner When a company is facing liquidation or administration, the court will appoint an insolvency professional, but what exactly is an insolvency professional? The first thіng tо kеер in mіnd іѕ thаt many companies working in thе field wіll nоt асtuаllу bе insolvent rеgіѕtеrеd, but

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What is Insolvency?

Inѕоlvеnсу іѕ whеrе you оr your business саnnоt afford tо рау your dеbtѕ еіthеr in full or оn tіmе. You’ve probably hеаrd the tеrm оn a frеԛuеnt bаѕіѕ however dо уоu knоw what bеіng insolvent rеаllу means fоr a buѕіnеѕѕ аnd іtѕ dіrесtоrѕ? If уоu’vе fоund уоurѕеlf аѕkіng “whаt is іnѕоlvеnсу?”,

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Is Dissolution Right for Your Company?

Dissolving the Company: What You Need to Know The process to dissolve and liquidate a company is a complex operation that has various requirements and steps that must be followed. The dissolution of companies implies their extinction, or what is the same: their disappearance from legal trafficking. It is the most

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How to Close or Dissolve a Limited Company?

To dissolve a Limited Company that has decided to cease its activity, a dissolution process must be carried out in order not to continue paying the corporation tax. A company, despite having ceased its activity, has to continue paying its taxes. It does not matter if you no longer have workers

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What is LLC or a Limited Liability Company?

It is common for entrepreneurs to mainly consider two options when creating a company: register as a freelance or create a limited liability company. But what does this term really mean? In this article, we are interested in what the law says about the liability of partners and administrators in an

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Changes to protect tax in insolvency cases

From the 6th of April 2020 there has been a change to policy objectives for when a business enters insolvency. More of the taxes paid in good faith by its employees and customers, and temporarily held by the business, will go to funding public services instead of being paid out to

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