Rapidspeeds - Latest news back online till 2nd December 2011!
- Thread starter lellouchftw
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Not me, someone else said that. Either way, a company cannot dissolve (unless it files for bankruptcy) if it has outstanding debt/taxes. A company, if it files for voluntary dissolution, must not conduct activities that could give rise to potential liability. If the directors knowingly involve in any such activity, they are personally liable. They could also be indicted on counts of deliberate attempt to defraud creditors (which results in prison time + disqualification for up to 15 years).
So, in this case, if anyone's bringing legal action against Darren and can uphold the fact that he continued business activity even though he was well aware (or ought to have been well aware) that he could not pay off the debts incurred, then he can be held personally liable for every cent he has taken from his customers following the request to dissolve, which was made a few months earlier to the actual dissolution.
So, in this case, if anyone's bringing legal action against Darren and can uphold the fact that he continued business activity even though he was well aware (or ought to have been well aware) that he could not pay off the debts incurred, then he can be held personally liable for every cent he has taken from his customers following the request to dissolve, which was made a few months earlier to the actual dissolution.
I just wanted to chime in and recommend 100TB to RapidSpeeds refugees who needs loads of bandwidth for affordable price.
Netherlands servers, located at LeaseWeb
http://www.100tb.eu
USA servers, located at SoftLayer
http://www.100tb.com
Netherlands servers, located at LeaseWeb
http://www.100tb.eu
USA servers, located at SoftLayer
http://www.100tb.com
Yep that is absolutely right. If anyone wants to bring a claim, it would have to be under Insolvency Act. Directors are obliged to manage the business with care when it knows that it may go into insolvency. If Darren knew that his actions would lead to insolvency yet he still continued to do business then he may be personally liable.
While I understand that former clients/customers of RapidSpeed is looking for financial claims and perhaps to file a lawsuit at Darren, you should also consider this.
If facts about the dissolved company is correct. Darren has most likely ran a business without paying tax to UK authorities. This is interesting information to anyone at the tax office. If found guilty to tax evasion etc Darren would be looking at a hefty tax back from the tax office as well as a fine for failure to pay taxes accordingly.
So for those who can't/won't go forward with a lawsuit against RS or Darren - could always talk to the tax office in Scotland. I'm sure they are very much interested.
If facts about the dissolved company is correct. Darren has most likely ran a business without paying tax to UK authorities. This is interesting information to anyone at the tax office. If found guilty to tax evasion etc Darren would be looking at a hefty tax back from the tax office as well as a fine for failure to pay taxes accordingly.
So for those who can't/won't go forward with a lawsuit against RS or Darren - could always talk to the tax office in Scotland. I'm sure they are very much interested.
I'm sure once you reach a certain threshold you need to start adding
Tax to your products which you must pay the government.
They certainly breached that threshold and failed to pay tax.
If your making a loss that does not mean you don't have to pay tax,
as in UK you pay tax twice if your a company,
1. Add Tax to your product price
2. Take away tax from your profit
He's basically scammed in general.
Actually ItsmYarD, you are some what correct. However. Note that RapidSpeeds has been functional and in business for quite some time now. It's very unlikely to assume that they have been in the negatives during all that time. I think most would agree that Darren has most likely withdrawn funds from RS and paid himself on a monthly basis unless he lives at home with his mom supporting him during the entire time. Which comes to think about it might not be so unlikely.
However, as a company registered in the UK you are according to tax legislations forced to pay tax on salary. Am I really the only one that thinks he hasn't?
Tax Office in the UK would know. And would be interested...
However, as a company registered in the UK you are according to tax legislations forced to pay tax on salary. Am I really the only one that thinks he hasn't?
Tax Office in the UK would know. And would be interested...
Since the accounts have not being filed in, he can still manipulate any figures to prove it's a loss. Also, since his turnover is not really high, he probably doesn't require to have the accounts audited so yeah he can manipulate figures.
Also, if, the company has being making a profit, he could add various expenses, for example his salary. But yeah he would have to pay income tax then though.
Also, if, the company has being making a profit, he could add various expenses, for example his salary. But yeah he would have to pay income tax then though.
From the first page of this thread:
http://blog.leaseweb.com/2011/11/30/information-regarding-rapidspeeds-services/
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Added after 6 Hours 14 minutes:
Just got this is my email from a former knowinservers staff member:
http://blog.leaseweb.com/2011/11/30/information-regarding-rapidspeeds-services/
Access will be restored at 14.00 hours CET today (30th November 2011) and will be blocked again at 16.00 hours CET this Friday (2nd December 2011).
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Added after 6 Hours 14 minutes:
Just got this is my email from a former knowinservers staff member:
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