For Immediate help 
As licensed insolvency practitioners, we help owners and directors when they take the decision to wind up a solvent business.
A Members Voluntary Liquidation can often be referred to as a Members Liquidation or just shortened to MVL. It is, in essence, the liquidation of a company that is solvent; a company is solvent by definition if it has assets sufficient enough to settle all liabilities in full plus statutory interest.
The director’s decision to instigate an MVL is generally because the company has no further purpose and is a tax-efficient way of distributing its assets and profits to the shareholders. The value of the company’s assets is used to pay creditors in full and the liquidator’s fees. Any remaining monies would be distributed to shareholders.
Business owners may use the MVL process to plan their exit from the company. It allows them to follow a sound exit strategy, enabling them to take money out of the business when they want to retire, emigrate or leave and close the business.
There are various options available to you and you need the assistance of a licensed insolvency practitioner to help you wind up the business in the most tax efficient way.
A Members Voluntary Liquidation may be the best way to close a business in a quick and orderly fashion.
Directors and shareholders may benefit from tax relief. It is always advisable for directors and members to seek independent tax advice.
Although it is not an insolvency process, and the courts are not involved, the directors must make a statutory declaration of solvency and appoint a liquidator of their choice.
The process begins with a shareholder resolution which formally confirms the agreement to voluntarily wind up the business.
To find out whether you qualify, and for information about the MVL process, call and speak with an experienced member of our team.
For peace of mind, why not ask for our advice?
Request a confidential consultation with one of our insolvency specialists today.
There are various options available to you and you need the assistance of a licensed insolvency practitioner to help you wind up the business in the most tax efficient way.
A Members Voluntary Liquidation may be the best way to close a business in a quick and orderly fashion.
Directors and shareholders may benefit from tax relief. It is always advisable for directors and members to seek independent tax advice.
Although it is not an insolvency process, and the courts are not involved, the directors must make a statutory declaration of solvency and appoint a liquidator of their choice.
The process begins with a shareholder resolution which formally confirms the agreement to voluntarily wind up the business.
To find out whether you qualify, and for information about the MVL process, call and speak with an experienced member of our team.
For peace of mind, why not ask for our advice?
Request a confidential consultation with one of our insolvency specialists today.
