Can I make my LTD Company dormant?
You first need to tell your Corporation Tax office, clients and agents that you'll no longer be trading. You'll also have to chase any unpaid invoices and prepare final accounts up to the usual [...]
You first need to tell your Corporation Tax office, clients and agents that you'll no longer be trading. You'll also have to chase any unpaid invoices and prepare final accounts up to the usual [...]
Non-trading (dormant) companies do not require a bank account because no money is being spent or generated by the business; therefore, no financial transactions are taking place that require entry in the [...]
As a company can remain dormant indefinitely so long as it meets certain requirements, you could set the company up a few months or even years before starting to trade.
In common parlance, the word “Dormant” means inactive or inoperative. A dormant company is an excellent opportunity to start a company for a future project or hold an asset/intellectual property without having [...]