By Mike Smith
Failure to recognise the warning signs of insolvency could leave you personally liable for company debts, so its essential you know what to look for.
If theres one worry that plagues business owners above all else, it has to be insolvency. Small businesses, even those that are seemingly profitable and successful, are never too far away from insolvency. In some instances, all it takes is the loss of a major customer, an unexpected expense or a series of late or non-payments from debtors to reverse their fortunes and push them towards the brink.
Thankfully, an impending insolvency does not necessarily mean an end to your business. However, solutions can only be put in place when the insolvency is identified in the fir…
Read the full article at: http://dofonline.co.uk/2017/06/15/common-signs-company-insolvency/
