Produces software for appliances and for machinery

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You are approached by three clients, Misha, Tanya and Irving, who are partners in an IT business that produces software for appliances and for machinery used in factories. They sell software, both on its own and also ready-loaded onto hardware appliances, so their sales include both software and hardware. The business has become successful, so they have been considering whether they should incorporate, but they don't know much about it.

Misha and Tanya come to see you a few months later, and tell you that the company has been unable to trade out of its financial difficulties.

They need advice on the effect of a winding up on their role as directors, the assets of the company and payment of the company's debts.

Reference no: EM133262040

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