If you want to stop trading as a sole trader or you're ending or leaving a business partnership, you need to inform HMRC. You're also required to send a final tax return.
If you're closing down a limited company, how you close your company will depend on whether your company is profitable or if it has reached the point of insolvency.
If you're closing down a solvent company, you may apply to get your company struck off the Register of Companies or start a members' voluntary liquidation.
If you're closing an insolvent company, the company will have to be liquidated.
If you want to stop trading as a sole trader or you’re ending or leaving a business partnership, you need to inform HMRC. You’re also required to send a final tax return.
If you’re closing down a limited company, how you close your company will depend on whether your company is profitable or if it has reached the point of insolvency.
If you’re closing down a solvent company, you may apply to get your company struck off the Register of Companies or start a members’ voluntary liquidation.
If you’re closing an insolvent company, the company will have to be liquidated.
We walk through every step of the Limited Company registration process to help you understand whether you should start the limited company registration process.
- What is a Limited Company
- Limited Company Advantages
- Limited Company Disadvantages
- Registration process
- Limited Company filing requirements
- UK company structures
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Get a free accounting consultation to discuss your company accounting needs
Book a free 20 minute call with an accountant to talk though starting, registering or switching your company.
- Book a time online instantly
- Registering for VAT
- Self assessment
- Sole trader vs limited company
- Dividends and personal tax
- Registering your company
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