What is the ideal way for you to realise your money as a company director? If your business is currently solvent and you have less than £25,000 in assets then you can simply strike off your company at Companies House and effectively end your tenure as a director.
However, if your business has assets in excess of £25,000 then it may be preferential to realise your money using a members' voluntary liquidation. This is the most tax efficient method for a director to extract their funds and cease company trading.
Navigating your way through a members' voluntary liquidation is far from a simple process. However to achieve the optimal outcome you’ll need to have a fair degree of insolvency and accounting knowledge to reach the best outcome. This is where McTear Williams & Woods can support you through the procedure in order to make it as easy and profitable as possible.
Find out more with a free consultation. Simply arrange a time to talk about your members' voluntary liquidation at our Milton Keynes offices with one of the senior directors and we can go through all the details and answer any questions you might have.
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 Milton Keynes.