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Many directors will be faced with the decision of whether to close their limited company or leave it dormant. Closing a limited company is a big decision that directors must take careful consideration over, and some may instead prefer to leave the company dormant if they feel the company could be revived in the future.…

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A limited liability partnership (LLP) is a type of business structure that differs from other types of business partnerships, including the limited company structure. An LLP is regulated by several pieces of legislation which includes the Limited Liability Partnership Regulation 2001. To help you understand more about the limited liability partnership, Clarke Bell has put…

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23 April 2021

For company directors considering selling their business, there are a number of options available that you need to be aware of in order to find the best one for you. These include: Selling the business to a third-party buyer Winding the business up Putting the company through liquidation Opting for Management Buyout (MBO). With an…

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Whilst the nation has been gripped by the UK’s exit from Europe over the last three years, another topic which has been hotly debated up and down the country by those in the contracting sector is the impact of the new Off-Payroll legislation, its impact on the public sector to date and the ramifications when…

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If you’re looking to close your (solvent) limited company, you may be able to extract the profits whilst paying tax at a rate of just 10%. A Members’ Voluntary Liquidation (MVL) lets you take the reserved funds in cash, access the money in a matter of weeks and pay less tax. Why use an MVL?…

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