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I'll cut a very long story short but I need a solicitor to review a 7 year telecommunication contract which one of our directors signed for. He thought it was for 24 months but it's actually 84 in the small print!!
I tried to cancel it but was told it was B2B. The service hasn't even started...
I thought that was the case. I will let them know in writing. At what point does the notice need to be given? Before cease trading or before the application to disolve?
Thanks Gyumri.
So basically don't tell them and see if they end up winding the company up. I can't see why they would pay for the liquidation when they wouldn't get anything from it.
How in the world do other companies happily dissolve when there must be all sorts of running contracts going...
What would the view be if it did end up going to the liquidators and the directors had paid a small dividend when closing the account/cease trading when that money could have gone towards the telecom company?
I might be sounding over the top/worrying over nothing but we've always done...
Thanks for the reply Chris.
Would a telecoms company normally object?
As we would have to cease trading for 3 months then their direct debits would stop. As long as they got their phone equipment back and we weren't in any arrears all they would be losing was the remainder of the contract...
We have a ltd company with 2 shareholders/directors. Unfortunately over the last year work has really quietened down. Also the other shareholder/director would like to leave the company for new ventures. This would leave us in a position where the business could no longer carry on.
We have no...
I'm very good at my job, not so good at business structure or accounts.
Any advice on the following would be greatly appreciated.
I was originally a sole trader in the design industry and the work was growing. I was carrying out this work with another sole trader and we were looking to partner...