Closing a business
Discussion
Hi
New account for some privacy
I have a business i'm closing down, its been slowly declining since covid and customers pulling out this year and me bored of filtering my own money has made me decide to close it down although there are a few complications i'm hoping someone on here can guide me on (along with my accountant)
Business has approx £20k in an asset (proisonally sold (deposit but as yet none of the rest of the money) and another £2k cash, bounce back loan is owing around £38k and there is a lease car that needs to go back and minors like a phone contrct but not a lot else. everything paid up to date and never missed a payment.
As a director with 3 others (family members) all equal share and company is registered at address where 3 directors live. me as a director is owed far more out the company that anything else from what has been put in.
I want to close it down and protect all interests as much as possible with the least interference, the operating premsise is owned by 2 directors privately and they have never charged rent but does have lots of their private stuff stored there sowant to avoid liquidators etc. looking through all that.
Whats the best way to go about sorting it out in the quickest and tidest way possible in peoples opinion?
New account for some privacy
I have a business i'm closing down, its been slowly declining since covid and customers pulling out this year and me bored of filtering my own money has made me decide to close it down although there are a few complications i'm hoping someone on here can guide me on (along with my accountant)
Business has approx £20k in an asset (proisonally sold (deposit but as yet none of the rest of the money) and another £2k cash, bounce back loan is owing around £38k and there is a lease car that needs to go back and minors like a phone contrct but not a lot else. everything paid up to date and never missed a payment.
As a director with 3 others (family members) all equal share and company is registered at address where 3 directors live. me as a director is owed far more out the company that anything else from what has been put in.
I want to close it down and protect all interests as much as possible with the least interference, the operating premsise is owned by 2 directors privately and they have never charged rent but does have lots of their private stuff stored there sowant to avoid liquidators etc. looking through all that.
Whats the best way to go about sorting it out in the quickest and tidest way possible in peoples opinion?
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