View Full Version : Closure of sl company

07-15-2010, 10:14 AM
Can you tell me if we close the SL company who is actually liable for
CAR + BANK LOAN in companies name and any outstanding TAX IVA BILLS.
Please. We need to close the company in the correct way,as we can only afford to service these bills until August,
As both myself and husband are Directors of this Will we be allowed to work as a AUTOMINO
Many thanks

09-02-2010, 11:39 AM
In order to close a company all the assets and debtors/creditors will need to be liquidated.
The balance sheet will need to be submitted to the Registro Mencantil and there cannot be any outsding loans or debts.
You will need to:
1.- Buy the car from the company
2.- sell it to someoneelse.
3.- Pay the loan off.
4.- Speak to you bank and trasfer the loan to you personal name.

Please note that autonomos are also obligate to pay quartely taxes too . Tax rate can upto 43% (with plans to increase them in the neart future). Company taxes is 25% on the first 120.000 euros.

Best regards