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closing company

  • 02-02-2012 3:58pm
    #1
    Registered Users, Registered Users 2 Posts: 386 ✭✭


    i am looking to close my company.
    All my suppliers accounts are settled except for one. I am in dispute with them over a bill of €700 which they say i owe but because i don't accept. (due to non-delivery of goods)
    If i were to close the company what would happen in relation to this so called debt?


Comments

  • Legal Moderators, Society & Culture Moderators Posts: 4,338 Mod ✭✭✭✭Tom Young


    A solicitor will be able to advise you on that and the various other aspects that you are required to undertake under Company Law to properly close your company.


  • Registered Users, Registered Users 2 Posts: 386 ✭✭monkey8


    Tom Young wrote: »
    A solicitor will be able to advise you on that and the various other aspects that you are required to undertake under Company Law to properly close your company.

    My accountant says he can close it up for me and I really cannot afford to get a solicitor involved too.

    Just wondering what the procedure is in the above situation?


  • Closed Accounts Posts: 29,473 ✭✭✭✭Our man in Havana




  • Registered Users, Registered Users 2 Posts: 386 ✭✭monkey8


    thanks for the link. that seems like a good deal.

    my main question is what happens if i close the business in regards to the issue i have with one of my suppliers?

    I am tempted to pay the money just to save the hassle but i don't want to do that out of principle because i do not owe it.

    What is the procedure here. If this supplier sees the ad for the company closing can he take some sort of legal action or would it be worth it for him for €700?


  • Closed Accounts Posts: 29,473 ✭✭✭✭Our man in Havana


    You can't close the company if there is a debt owing.


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  • Registered Users, Registered Users 2 Posts: 386 ✭✭monkey8


    You can't close the company if there is a debt owing.

    what happens if i try to close it?

    as far as i am concerned there is no debt, does that make a difference?


  • Closed Accounts Posts: 29,473 ✭✭✭✭Our man in Havana


    You commit perjury. You are making a false statement to the CRO and Revenue that the company has no debts.

    If the guy sees the notice he can stop the CRO from closing the company.


  • Banned (with Prison Access) Posts: 16,659 ✭✭✭✭dahamsta


    If the goods weren't delivered then it's not a debt and the vendor would be the perjuror? Unless there's some kind of contract term.

    I'd try and sort something out with the vendor first, at least then you can say you made a reasonable effort. Just make sure you keep a record if you do.


  • Registered Users, Registered Users 2 Posts: 7,265 ✭✭✭RangeR


    Ask the company for a copy of the delivery docket, with your signature on it, showing the goods were received. Otherwise "Go Away" would be what I tell them.


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