A Members' Voluntary Liquidation ("MVL") is a solvent liquidation of a company whereby the assets are realised and, having settled any outstanding creditors, the remaining balance is distributed to the shareholders in a tax efficient manner.
We work with your accountants and tax advisors in order to achieve the best outcome for your given situation.
Who would be interested in an MVL?
- Anyone retiring and closing down their business
- A contractor who wishes to continue in full time employment
- Where there is a larger group structure and a rationalisation of some of the companies within the group is required
- Closure of a dormant or non-trading company
- Pre-sale reconstruction
- Post business sale