Sometimes a director or shareholder wishes to end their relationship with a solvent business. In such circumstances a members' voluntary liquidation (MVL) is the ideal measure to extract their assets from the business.
This process, also called a solvent liquidation, allows you to distribute funds from your business both in cash or specie. In order to successfully issue a members' voluntary liquidation you’ll need to complete a number of important legal and accounting requirements and this is where McTear Williams & Wood can help you out.
Please note that if you have less than £25,000 worth of assets in your business that a company strike off may be more appropriate than a members' voluntary liquidation. To discuss the best option for you please arrange a free consultation meeting at our offices in Colchester where we can give you the advice you need.
If you wish to close your company then quick action will secure the most preferential options available to you. Whether you simply want to exit the company or sell the assets to another organisation McTear Williams & Wood can give you all the information you need for a successful members' voluntary liquidation in Colchester.
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