In this video, we address a common question: Can you sell company assets when your business is in financial distress?
We explore a real-life example of a decorator who needed a quick cash injection to pay suppliers. He wondered if he could sell his company-owned van, and whether it was permissible to purchase it himself.
Key insights include:
The importance of selling assets at fair value to avoid legal issues like "transactions at undervalue".
Steps to ensure proper valuation and paperwork for asset sales.
How selling assets, even to a company director, can inject much-needed capital while maintaining business operations.
If your business is facing financial challenges, selling assets might be an option. Contact Parker Walsh for free, confidential advice tailored to your situation. We're here to guide you through the process and ensure everything is done correctly.
📞 Call us today or visit our website for more details
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