members voluntary liquidationDefinition

A Members’ Voluntary Liquidation (MVL) is used to close down a company that has reached the end of its useful life.

It is used to formally close down a company that is solvent; in other words everyone owed money by the company will be paid in full before it is dissolved.

It is most often seen as a tax efficient route to distribute assets or cash from within a company as the distributions will usually be treated as a capital distribution rather than an income distribution.

It must be noted that only a Licensed Insolvency Practitioner can perform this liquidation. Be aware of cheap adverts promoting their services as they can only give advice which is an added cost you do not want.

If you feel you have a solvent company which you want to close then contact us today for free no obligation advice. Call or email us.

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