A members voluntary liquidation process is appropriate for companies that are solvent, i.e. assets are greater than liabilities. A MVL process is typically used by retiring business owners looking to extract cash or assets in the most tax efficient way, or simply to wind up the affairs of companies that have come to the end of their useful life.
Key advantages of a MVL process with us:
- We will work with your accountant to ensure that all tax affairs are brought up to date.
- We aim to distribute the majority of assets to you within the first 72 hours.
- Have the peace of mind that your company has been wound up correctly, with HMRC clearance.
- Benefit from Business Asset Disposal Relief – extract funds at 10% tax!