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hey guys mark here from the accounting Channel and today we are going to talk about voluntary company strike offs given the current economic climate with coronavirus I thought it would be quite apt to do a video on how to close down the company for anybody who is having difficulty and decided to just shut up shop heres basically the process you can go through to and cheaply and effectively close down your company now there are a few rules of course that you need to be aware of first and hopefully none of you actually have to go through this process but just in case you do heres how you could do it so the process itself is actually quite simplistic assuming the company has no debts but it that means it doesnt owe anybody any money and you cant in theory do this yourself and save a bit of cash the procedure to strike off a company voluntarily cannot be used where the company is carrying or potentially carrying debt in more detail that means the company must have outstanding liabilit
