Hello there!
I trust this is the right place to ask my question.
My husband used to go contracting but he hasn't this past year and we want to close his company, a sole directorship. We have a substantial amount of retained earnings and were wondering what the best way to draw it out was. As we want to liquidate the company I've been looking at both options of striking of the company and members' voluntary liquidation. I understand that this information is online, but I've simply not been able to get my head around it.
Please could somebody help? Any help is appreciated.
I'm trying to understand what the taxes are that we must pay and how much we might be able to draw out?
Thanks very much!
I trust this is the right place to ask my question.
My husband used to go contracting but he hasn't this past year and we want to close his company, a sole directorship. We have a substantial amount of retained earnings and were wondering what the best way to draw it out was. As we want to liquidate the company I've been looking at both options of striking of the company and members' voluntary liquidation. I understand that this information is online, but I've simply not been able to get my head around it.
Please could somebody help? Any help is appreciated.
I'm trying to understand what the taxes are that we must pay and how much we might be able to draw out?
Thanks very much!
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