Going through company formation can be a rewarding and exciting experience. However, there are occasions when you make a mistake. In such cases, you may want to reverse the company registration process so that the entity no longer exists and you do not have to deal with the legal side of being responsible for the organisation.
It may be the case that you had what you thought at the time was a brilliant idea for an enterprise, went through company formation and then discovered that there was a problem with the plan. For this reason, you may never have even commenced trading with the company. If you are in this position, you can apply to the registrar for the striking off of the business. This will require you to fill in a certain form and pay a fee of £10. If you are unsure about this process, it may be advisable to contact professionals to help you out.
After all, you do not want to make a mistake and think you have dissolved the company when in fact it is still registered. Another possibility is that you decide you no longer need a company that you have traded with. In these circumstances, you may be able to put the entity into voluntary liquidation and then apply for it to be struck off the register once its liabilities have cleared.
Just as you may well have needed help when going through company registration, it may be necessary for you to get expert assistance to ensure the process runs smoothly.
