What happens to money in account when you close a ltd company?

When you close a limited company, any remaining money in the company's account is typically handled as part of the liquidation process. If the company is solvent, the funds can be distributed to shareholders after settling any outstanding debts and obligations. If the company is insolvent, the funds may be used to pay creditors. It's important to follow legal procedures and consult with a professional to ensure compliance with tax and regulatory requirements.