All companies must come to an end. If you have finished your tenure as a director and want to close the business down whilst extracting your capital in a tax efficient manner then a solvent liquidation is the perfect next step to help you achieve this outcome.
More often than not a solvent liquidation is referred to as a members' voluntary liquidation ("MVL") where the business is closed, the capital is liquidated and all creditors and shareholders receive the full amount owed to them. With the full consent of all parties this process is usually smooth and friction free.
Over our years of operation McTear Williams & wood has helped several companies in a range of sectors and industries navigate their way through the process of an MVL. As a result we can provide you with the well-honed legal and accounting services you need to bring any such arrangement to a fast and professional outcome.
An MVL works best when you have funds in excess of £25,000 in your company otherwise it’s more tax efficient to simply strike off your business at Companies House.
Get all the fact you need on a potential solvent liquidation at our Bedford offices where we can give you a free hour appointment to discuss the best course of action.
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Administration Order in Bedford
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Company Insolvency Check in Bedford
Company Liquidation in Bedford
Company Voluntary Arrangement in Bedford
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Liquidation in Bedford
Members' Voluntary Liquidation in Bedford
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