LTD Company struck off - Sole trader ?

JJJJNR

Hi

My Ltd Company was struck off in 05, (my own fault guilty as charged).

I'm now unemployed but have a chance to do some nice work but for some old contacts which I wouldn’t be working directly for. What options do I have after being struck off, can I work as a sole trader.

Would I be better off going through an LTD umbrella company as an employee, and not taking a directorship?

Am I not able to take a directorship for 5 or 10 years after being struck off. I have a very close trusted friend who is a chartered accountant, he could setup this umbrella co for the duration of me serving my "struck off" period then I could take a directorship. I just want to know some basics before I make the suggestion.

I have a small circle of clients which over the next couple of months could grow substantially as I have a potential partner which if things work out could tripple the amount of business done, not huge but enough to make a living out of I hope.

Any help appreciated.

BenjAii

Have you thought about asking family members/close friends to be the director ?
In which case you could be company secretary (assuming you are still eligible for this) and that is your problem solved.

Culchie

I don't think there's anything to stop you being a sole trader, except on the odd occassion some companies will ask you for a tax clearance cert. (Government agencies will nearly always ask, and you won't be considered for that.

thecleverone

Unless you are a restricted director / disqualified director, the fact that your company was struck off does not prevent you from being a director of another company, and certainly does not prevent you from being a sole trader. However, the best course of action would probably be to reinstate the company, as you are still personally liable for the liabilities of the company for a period of 20 years from the date it was struck off/dissolved. The fact that its struck off / dissolved, doesn't mean your in the clear at all and the ODCE are clamping down even more than ever on involuntary company strike offs.

Tigger

thecleverone wrote: »

Unless you are a restricted director / disqualified director, the fact that your company was struck off does not prevent you from being a director of another company, and certainly does not prevent you from being a sole trader. However, the best course of action would probably be to reinstate the company, as you are still personally liable for the liabilities of the company for a period of 20 years from the date it was struck off/dissolved. The fact that its struck off / dissolved, doesn't mean your in the clear at all and the ODCE are clamping down even more than ever on involuntary company strike offs.

i thought that only applied to companies that contiinued to trade after involuantry strike off

Nuttzz

Tigger wrote: »

i thought that only applied to companies that contiinued to trade after involuantry strike off

you are correct