If I have a UK company contracted with a Swiss company under Swiss jurisdiction, and the UK company becomes insolvent, what are the liabilities if any, for the UK company and its directors. Thanks in advance.
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UK Ltd Company working under Swiss Jurisdiction
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Originally posted by Firenze View PostIf I have a UK company contracted with a Swiss company under Swiss jurisdiction, and the UK company becomes insolvent, what are the liabilities if any, for the UK company and its directors. Thanks in advance.
noun: limited liability company
a private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.See You Next Tuesday -
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Originally posted by Lance View Postlimited company
noun: limited liability company
a private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.
Directors certainly can have liability depending on what they have done and the circumstances around the insolvency. I'd not suggest disbursing all the funds as dividends to yourself before paying VAT or Corp Tax and then trying to close it as insolvent. It won't end well.Comment
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Originally posted by Lance View Postlimited company
noun: limited liability company
a private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.Comment
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Originally posted by NotAllThere View PostDepends. What have you done?Comment
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