Need for records to take money out of your company
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Voluntary Liquidation requires a special resolution passed by 75% or more of shareholders voting at a meeting or by 75% or more of the shareholders if to be passed by a written resolution.

Risk of living off an overdrawn director's loan account

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Are shareholders liable for company debts?

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Will you be disqualified as a director if you go into Liquidation?

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Why might HMRC open a tax investigation?

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Potential importance of Creditors belief in the Insolvency process

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What is bounce back loan fraud?

How can you stop an Overdrawn Director's Loan Account becoming a problem?

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Can I write off an overdrawn director's loan account?

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How To Take Money From A Limited Company

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In the article:

- Taking money as salary.

- Paying shareholder dividends.

- Making payments through Directors Loan Account.

- Extraction using Members Voluntary Liquidation.

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Section 455 Tax Penalties On A Director’s Loan Account Written Off In Liquidation – A Cautionary Tale

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How Did Wrongful Trading Go Wrong?

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Can You Write Off HMRC Debts?
"No HMRC tax debts cannot be written off"

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