Do you need to get your money out of a business? Whether you’re a shareholder or a director of the business a members' voluntary liquidation could be the best option available to you. This measure, which is also known as a solvent liquidation, gives you the power to realise assets from your business as personal proceeds of your relationship with a company.
As with all procedures there are a number of important accounting requirements that must be met, and this is where McTear Williams & woods can provide you with the assistance you need. It’s worth noting that if you are currently seeking to distribute less than £25,000 it may be more appropriate to strike off your company rather than electing an MVL. Find out more with a simple solvent liquidation consultation at our Ipswich office.
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 Ipswich offices, helping you understand all the responsibilities and implications. Call us now on 0800 331 7417