The liquidation of a solvent company or association initiated by the directors/shareholders.
For a variety of reasons, placing a company into a members voluntary liquidation (MVL) is a desirable step.
These reasons can include:
- Accessing accumulated profits in a tax effective manner.
- The company has sold its business/assets.
- The company is surplus to requirements and removes the yearly cost of maintaining the entity.
- The separation of business interests (amicable and sometimes confrontational).
- Group reorganisations, especially following acquisitions.
- Disputes between directors and shareholders.
To commence the MVL process a majority of the directors will be required to sign a declaration of solvency stating that they have formed the opinion that the company will be able to pay its debts in full within a period not exceeding 12 months after the commencement of the winding up.
Roger has over thirty years’ experience conducting MVLs. Contact us today to discuss your needs and in the large majority of cases, obtain an extremely competitive fixed quote.