Sometimes a director or shareholder wishes to end their relationship with a solvent business. In such circumstances a members' voluntary liquidation is the ideal measure to extract their assets from the business. This process, which is also sometimes called a solvent liquidation allows you to distribute funds from your business both in cash or specie. In order to successfully issue an MVL 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 an MVL. To discuss the best option for you please arrange a solvent liquidation meeting at our Colchester office, where we can give you the advice you need.
What are the options available to you and what is the best way to proceed? Without expert advice it can be tough to understand your choices and select the best course of action.
At McTear Williams & Wood we cover this in a short 1 to 2 hour free initial consultation at our offices near Colchester, helping you understand all the responsibilities and implications. Call us now on 0800 331 7417