Log in

View Full Version : LTD company no income now, retained earnings $50,000, Receivables $52000. Rec's being


00virginia
May 27, 2014, 02:00 PM
Small Ltd. Company. No income, want to close company, Retained earnings $50,000. Receivables $52,000.00. Collecting receivables slowly.

Question, Can I issue a T5 for dividends payable and take out of retained earnings until retained earning are zero and the company is then closed ?