There’s no simpler way to extract your capital from a business than a solvent liquidation. Also known as a members' voluntary liquidation ("MVL") – this is one process that allows you to get to your money in the most tax efficient manner possible.
In essence an MVL is nothing more than a simple procedure implemented by a registered Insolvency Practitioner. All the voting parties in a company must agree that the solvent liquidation can proceed, a certificate of solvency is drafted and then finally all assets are liquidated and creditors are paid off in full.
Over our years of experience we have worked with many companies across various industries supporting them in successfully implementing MVLs. This has given us a huge amount of knowledge and expertise in both the legal and accounting responsibilities required to see your venture properly liquidated.
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