How do I wind up my business?

How do I wind up my business?

Winding up the business is not always about insolvency, it can be about shareholders releasing their investment in the business in the most efficient way. If you are looking to wind up your business there are a number of areas that you need to consider, these include:

• Realising the value of your assets
• Paying all creditors in full
• Ensuring all taxes owed to HMRC are paid in full
• Terminating all employee contracts with any compensation settled