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t h e b u s i n e s s o f l i f e t h e b u s i n e s s o f l i f e YE Company Programme 2014/2015 Training Resource CL = Centre Lead BA = Business Adviser
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The business of life YE Company Programme 2014/2015 Training Resource CL = Centre Lead BA = Business Adviser.

Jan 17, 2016

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Page 1: The business of life YE Company Programme 2014/2015 Training Resource CL = Centre Lead BA = Business Adviser.

the b

usin

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f lifeth

e b

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f life

YE Company Programme

2014/2015 Training Resource

CL = Centre LeadBA = Business Adviser

Page 2: The business of life YE Company Programme 2014/2015 Training Resource CL = Centre Lead BA = Business Adviser.

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Company Closure

Page 3: The business of life YE Company Programme 2014/2015 Training Resource CL = Centre Lead BA = Business Adviser.

Company Closure

• Takes much longer than you might imagine

• Important part of the Learning Process

• Set a target date for liquidation

• Powerpoint available to use with students

Page 4: The business of life YE Company Programme 2014/2015 Training Resource CL = Centre Lead BA = Business Adviser.

Company Closure - Process

• Produce Final Report and Accounts• Hold an AGM

– Repay Shareholders (with Dividend) and/or distribute profits as per Social Enterprise Model

• Liquidate the Company - 31 July deadline– Pay outstanding YE VAT & Corporation Tax– Insurance cover ends– Close Bank Account

• Complete end of year Self-assessment– Download Personal Certificate of Progress

Page 5: The business of life YE Company Programme 2014/2015 Training Resource CL = Centre Lead BA = Business Adviser.

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