Can I set up my own company while waiting for completion certificate ?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
Post Reply
 
 

Bill.kd

User avatar
Posts: 3
Joined: Fri Oct 07, 2011 2:10 pm
Post by Bill.kd » Sat Apr 19, 2014 6:08 pm
Quote
Can I set up my own company for contract work purposes I entered into an IVA in 2006 and made the requested 60 monthly payments but the IVA is still not closed
Top
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:
Post by Michael Peoples » Sat Apr 19, 2014 9:40 pm
Quote
There should be no problem but check with your IP. Put pressure on your IP to close the file as there can be problems with a company if a director is officially insolvent.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
Top
 
 

UpToMyNeckInIt

User avatar
Posts: 607
Joined: Fri Aug 03, 2012 3:25 pm
Location: United Kingdom
Post by UpToMyNeckInIt » Sun Apr 20, 2014 5:52 pm
Quote
Being in an iva does not preclude you from being a company director.

Speak to a local accountant about setting up your own Ltd company.

You mention 'contracting', if so, are you proposing working under an umbrella arrangement via an agency? If so, just be up front about your iva. If it's a problem, just set up your own company.
My opinions are just that: Based on my experience and being a self-employed IVA customer.
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Sun Apr 20, 2014 11:13 pm
Quote
I cannot see any reason why you cannot now set up a limited company.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”