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 quantity of your money tied up in your company? At McTear Williams & Wood we can assist you in getting your hands on this amount, tax efficiently using a solvent liquidation process.
Perhaps you are retiring and have no one to run the business effectively or you may be a shareholder looking to realise your assets. Regardless of the reason, if you need to withdraw your cash tax efficiently and distribute less than £25,000 an application to strike off might be the answer. 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. 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 of liquidating your company.
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.