The use of a limited liability company is now considered the normal way to be in business. It is not often that entrepreneurs trade in their own name or in partnership. A limited company distances the entrepreneur from the business if things go wrong, and the company itself is considered to be a…

Whatever your view of the state of the country , consumer spending has kept the economy growing. Whether it be from modest wage growth now eroded by rising inflation, reduction in savings rates and increase in credit card debt. However has the spending spree come to an end, and the sources of extra…

The 6th April this year is not only the beginning of a new tax year, but the day the new insolvency rules are introduced. Probably the largest wholesale revision of the insolvency legislation since 1986 and a day some IPs will look forward to and others with trepidation of having to learn a new way…

What is a Prepack A prepack is nothing more than a prearranged sale of a business, the controversy comes from the fact that the sale of the business is usually from an insolvent company to a newly incorporated company.  What is even more controversial is the sale of the business to a new company…

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