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Bin Ltd co ?

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    Bin Ltd co ?

    Been offered a pretty good umbrella with 82% retention, can I just settle my bills with HMRC etc and close my co ?

    #2
    Originally posted by scot View Post
    Been offered a pretty good umbrella with 82% retention, can I just settle my bills with HMRC etc and close my co ?
    Walk away.

    But for peace of mind... Do more research in to it. Is it offshore, on a loan basis? Have you done your own sums to see how they will do this for you?

    Do you think any of us would have Ltd's if there were umbrella's around giving that (legitimately)?
    'CUK forum personality of 2011 - Winner - Yes really!!!!

    Comment


      #3
      Originally posted by northernladuk View Post
      Walk away.

      But for peace of mind... Do more research in to it. Is it offshore, on a loan basis? Have you done your own sums to see how they will do this for you?

      Do you think any of us would have Ltd's if there were umbrella's around giving that (legitimately)?
      WHS

      All that glitters is not gold. It's always safer to be in charge of your own destiny(and accounts!)
      What happens in General, stays in General.
      You know what they say about assumptions!

      Comment


        #4
        It's offshore,Jersey,and loan based. My accountant suggested it and he's been pretty straight so far.

        Thanks for the replies.

        Comment


          #5
          Originally posted by scot View Post
          It's offshore,Jersey,and loan based. My accountant suggested it and he's been pretty straight so far.

          Thanks for the replies.
          He's doing himself out of a job though.

          Ahh, ask him how much his referral fee is...
          Free advice and opinions - refunds are available if you are not 100% satisfied.

          Comment


            #6
            IMO, you'd be insane to do that, but it's a free world, at least read some of the threads on here though first.
            Public Service Posting by the BBC - Bloggs Bulls**t Corp.
            Officially CUK certified - Thick as f**k.

            Comment


              #7
              Originally posted by Wanderer View Post
              He's doing himself out of a job though.

              Ahh, ask him how much his referral fee is...
              WHS.

              Very odd.
              What happens in General, stays in General.
              You know what they say about assumptions!

              Comment


                #8
                If it's too good to be true...you know what to do
                ______________________
                Don't get mad...get even...

                Comment


                  #9
                  Originally posted by scot View Post
                  It's offshore,Jersey,and loan based. My accountant suggested it and he's been pretty straight so far.
                  You are welcome to do it but don't forget the money will not be yours. It could go wrong in 100's of little ways including the directors of the Jersey company giving themselves a very big pay check.
                  merely at clientco for the entertainment

                  Comment


                    #10
                    Originally posted by scot View Post
                    Been offered a pretty good umbrella with 82% retention, can I just settle my bills with HMRC etc and close my co ?
                    Ask your accountant, I'm sure he'll simply wrap up your accounts and do all of the necessary paperwork with HMCR.

                    We await your return to the forum in a years time with interest.
                    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
                    - Voltaire/Benjamin Franklin/Anne Frank...

                    Comment

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