Tag Archives: business structure

When should you Liquidate your Business

Cash Flow, Finances, LiquidationBy 7 Advisory 14/07/2014

Voluntary or Forced Liquidation I’ll begin by saying that Voluntary Liquidation is much better then forced. If your business goes into voluntary liquidation the liquidator is hand picked by you and he/she then works on your behalf to get the job done. But if forced by your creditors or the TAX MAN the liquidator is appointed…

Business Structures – Pros & Cons

Operations, PlanningBy 7 Advisory 17/03/2014

Which Business Structure is the right for you? The costs and risks of each legal structure are quite different. PROS 1. Sole Trader Easy and low cost to set up Owner has 100 per cent control Less compliance and legal requirements necessary The legal structure is easily changed Owner keeps all the business profits…