As a director of a company with cash flow problems you MUST take immediate, knowledgeable and independent advice. A Licensed Insolvency Practitioner, like Turpin Barker Armstrong, will give you independent advice. At Turpin Barker Armstrong our talented business recovery specialists work closely with management and other stakeholders to identify issues within struggling businesses in order to find solutions that create a stable foundation for future success.At Turpin Barker Armstrong we regularly hear from business owners who say they wish they had spoken to us the year before.
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One easy step to a new future is to talk to turpin barker armstrong about Individual Voluntary Arrangements. If your debts are spiraling out of control and you see no other way forward you might think going bankrupt. There are a range of other debt procedures - some of which do not need an Insolvency Practitioner to administer.
If a director of a company (or close family member), takes money from the company that is not salary, dividend. If you have taken your accountants advice and pay yourself and other directors of your company a small basic salary. Each partner is liable not only for his/her business and personal debts they are also liable for their partner's business.
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Dagmara Pikiewicz
Nov 24, 2021
