Person A is a sole trader who has just ceased trading. His only creditor is the Revenue Commission for VAT.
The wife of person A now wants to set as a sole trader in the same industry as her husband. Would she be liable for her husband's debts when he traded as a sole trader. Would it be regarded as a genuine new business with a new VAT number or just a continuation of her husband's business?
Would it make any difference if she traded under a new limited company instead?
The wife of person A now wants to set as a sole trader in the same industry as her husband. Would she be liable for her husband's debts when he traded as a sole trader. Would it be regarded as a genuine new business with a new VAT number or just a continuation of her husband's business?
Would it make any difference if she traded under a new limited company instead?