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Accounting Journal
Accounting Journal
10 steps to closing a company

10 steps to closing a company

Asif Patel's avatar
Asif Patel
Oct 23, 2024
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Accounting Journal
Accounting Journal
10 steps to closing a company
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There may come a point when you no longer need to trade through a limited company, however as the business is a legal entity the process of closing a company is far from simple. This guide explains the steps involved. 

1. Stop trading. The company should undertake no further business and only allow transactions necessary to wind the company up. 

2. Settle…

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