How to close down a limited company – 4 options

close down limited company

How you choose to close your company could have a big impact on your tax bill. And, depending on your business’ financial health, there are also legal implications to take into account.

What is the Companies House PROOF scheme?

companies house proof

The PROOF scheme, also known as the Protected Online Filing scheme, is a completely free service established by Companies House to protect your business from potential fraud.

What does a limited company secretary do?

company secretary

All limited companies in the UK must appoint at least one director during the incorporation process. Whilst no longer a mandatory appointment, a company may also decide to appoint a secretary to undertake a specific role in the business.

What advantages does a limited company offer?

ltd company advantages

If you’re starting up a business for the first time, you can choose which business structure most suits your needs. A limited company offers liability protection for its directors and is usually most tax efficient route to take. Here we look at the advantages (and disadvantages) offered by incorporating.