If the partnership IS VIABLE what are the Go Options?
Below are the options to allow the business to continue trading.
Simultaneous Voluntary Arrangements
- SIMIVA Guide Shows how multiple individual voluntary arrangements can protect the partnership and the partners
Partnership Voluntary Arrangement
- Trade Sale Guide Sell the business to a third party such as an investor or competitor
Worried about poor cashflow? Covid-19?, How to pay wages on pay day? For expert advice on a range of issues download our free Ultimate Guide For Worried Directors today. Or just call us on 0800 9700539
Please note that the guide was mostly written pre Covid-19 and there have been some changes to insolvency legislation that limits creditors actions and relaxes rules regarding wrongful trading. A new 20 day moratorium for distressed businesses has also been introduced.