Whether you are retiring or simply a shareholder looking to cash in an MVL could be the ideal way for you to release this money in a tax efficient manner. Also known as a solvent liquidation this option allows you to distribute assets from your company either in cash or specie. There are a number of important legal and accounting requirements to fulfil and this is where McTear Williams & Wood can help with the process.
However, if you are looking to distribute less that £25,000 then it may be more beneficial to strike off your company as opposed to going through the process of a solvent liquidation. Discuss all your solvent liquidation questions at our Norwich 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 Norwich offices, helping you understand all the responsibilities and implications. Contact our Norwich office for advice on business insolvency, or call 0800 331 7417.
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