After years of successfully working as a company director, it may be time to call it a day. Especially if the going is good and your business is still fully solvent. If you do decide to close your company, what’s the most preferable way to get your hands on your capital?
Use a solvent liquidation (also known as a members' voluntary liquidation) to extract amounts above £25K from your company accounts as if you were a shareholder subject to capital gains tax. Whilst this measure must be enacted by a registered insolvency practitioner, it is one of the most efficient methods of realising your money.
The team of expert advisors at McTear Williams & Wood can support you through the process of a solvent liquidation. Thanks to our years of expertise we can help you reach the ideal outcome in a simple and easy fashion with the minimum amount of hassle and time.
Find out more with a free consultation appointment to discuss your potential solvent liquidation at our Peterborough offices. Set up a convenient time to meet with one of our senior partners to ensure that you have all the information before proceeding to the 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 one of our offices in Peterborough, helping you understand all the responsibilities and implications. Call us now on 0800 331 7417
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