Originally posted by pushingpixels
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Previously on "Outstanding invoices due - but company has closed?"
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Originally posted by pushingpixels View PostI'm still Director - I thought by closing the company I could force the payment of outstanding invoices through some other medium than the company. I'm trying to avoid putting the (have to say well-earned) invoices through the company (think ex-spouse).
Oh well!
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Originally posted by SueEllen View PostYou are aware that you can appoint someone else you know and trust to be a director of your company if you can't be one? And a director isn't the same as a shareholder?
Oh well!
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Originally posted by pushingpixels View PostOk - how do go about getting them 'assigned' - is this a technical thing an accountant does (I'm assuming so)?
However:
1. Some contracts forbid the assignment of debts,
2. Even if you can assign debts it can cause other contract issues as not everything can be assigned.
You are aware that you can appoint someone else you know and trust to be a director of your company if you can't be one? And a director isn't the same as a shareholder?
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Originally posted by Jessica@WhiteFieldTax View Post1. In theory they can be assigned,
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1. In theory they can be assigned, but it merely gives the debtor more of an excuse not to pay, and makes enforcement difficult if they don't pay.
2. HMRC will require CT to be paid before a strike off or liquidation can be finalised.
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Originally posted by pushingpixels View PostI am in the unfortunate position of chasing some outstanding invoices that *may* eventually be paid. However for reasons I won't go into I need to close my company down. So this raises (for me at least) a couple of questions:
1) If I close the company down - can the invoices (if they are eventually paid) be paid to me personally (a director) as the company will no longer exist - or can they only be paid to the company?
2) If am due to pay Corporation Tax later in the year (say Dec), can I close the company down now and still pay this in Dec from a personal account, or does the fact that Corporation Tax is paid out of the company accounts mean it has to be paid *first* before the company can close?
Any help much appreciated.
http://forums.contractoruk.com/image...s/confused.png
So let's go back to question one - why do you "have" to close down now?
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Outstanding invoices due - but company has closed?
I am in the unfortunate position of chasing some outstanding invoices that *may* eventually be paid. However for reasons I won't go into I need to close my company down. So this raises (for me at least) a couple of questions:
1) If I close the company down - can the invoices (if they are eventually paid) be paid to me personally (a director) as the company will no longer exist - or can they only be paid to the company?
2) If am due to pay Corporation Tax later in the year (say Dec), can I close the company down now and still pay this in Dec from a personal account, or does the fact that Corporation Tax is paid out of the company accounts mean it has to be paid *first* before the company can close?
Any help much appreciated.
http://forums.contractoruk.com/image...s/confused.pngTags: None
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