Solvent liquidation in Ipswich

Are you looking to get your money out of your company in a tax efficient manner? Then let McTear Williams & Wood provide you with a members' voluntary liquidation (MVL). Want to know more? - call us now on 0800 331 7417

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.

Why use us?

  • Experienced business consultation - are you aware of all the options for your business? If you are thinking of taking an MVL and closing down your company there could be other ways forward.
  • Professional accounting services - an MVL works best when all your books are in appropriate order - we can make sure that the planning covers all this pre-appointment.
  • Legal obligations - one of the key elements necessary to implement an MVL is a Sworn Declaration of Solvency. There are criminal sanctions if you get this wrong and McTear Williams & Wood can guide you accordingly.

Your next step

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