K
KJM
Guest
Hi,
I set up a limited company last year for consultancy purposes but business has not been as plentiful as I had forecasted. I have traded for 4 months (making a loss - all creditors are paid though) and would like to leave the company active but not continue trading this year (and maybe next year). I would prefer to leave the company dormant instead of closing it off completely as I would like to hold onto the company name and bank account for when I trade again in 2012.
If I leave the company dormant, will I still have to submit ARD's and tax returns to continue to be compliant?
Any advice would be greatly received.
I set up a limited company last year for consultancy purposes but business has not been as plentiful as I had forecasted. I have traded for 4 months (making a loss - all creditors are paid though) and would like to leave the company active but not continue trading this year (and maybe next year). I would prefer to leave the company dormant instead of closing it off completely as I would like to hold onto the company name and bank account for when I trade again in 2012.
If I leave the company dormant, will I still have to submit ARD's and tax returns to continue to be compliant?
Any advice would be greatly received.