Getting money from your company at 10% tax is easier than you expect. Call our expert advisors to find out how on 0800 331 7417
Do you have a large amount of your money tied up in your company? If so then McTear Williams & Wood can assist you in getting your hands on this tax efficiently using a solvent liquidation process.
Perhaps you are retiring and you have no one to effectively run the business or you may be a shareholder looking to realise your assets – whatever the reason if you need to withdraw your cash tax efficiently and distributing less than £25,000 an application to strike off might be the answer of if you are distributing more a solvent liquidation might meet your needs.
This process known as a members' voluntary liquidation (or MVL) allows you to distribute assets from your company either in cash or in specie. However, there are a number of legal and accounting requirements that you need to meet before you receive your money. Download our guide to members' voluntary liquidations here.
We help you understand these requirements. Thanks to our years of experience and knowledge working on hundreds of MVLs we not only assess your suitability for an MVL but help you at every stage of the process.
At McTear Williams & Wood:
If you are thinking of going through a solvent liquidation
contact our expert advisors to find out exactly what is required. With a proven
record of helping hundreds of directors and operating to the highest
professional standards we are the sensible and safe choice.