Newer version available

There is a newer version of this publication available:
Debt Advice Handbook 14th edition

Chapter 16: Business debts

• 1. Introduction
• 2. Types of small business
• Sole trader
• Partnership
• Limited company
• Co-operatives and franchises
• Limited liability partnership
• 3. Stages of debt advice
• Create trust
• List creditors and minimise debts
• Minimising debts because of COVID-19
• Minimise debts by ceasing to trade
• Minimise other debts
• List and maximise income
• COVID-19 help
• List expenditure
• Deal with priority debts
• Services
• Non-domestic rates
• Rent arrears
• Leased premises
• Other leases
• VAT debts
• Income tax debts
• Draw up a personal financial statement
• Choose a strategy for non-priority debts

This chapter covers:

1. Introduction (next)

2. Types of small business (here)

3. Stages of debt advice (here)