Are you thinking of closing your Limited Company?
A Members Voluntary Liquidation (MVL) is a solvent liquidation and one of the ways to liquidate your company when the creditors can anticipate and ought to obtain 100 pence in the Pound. A Members Voluntary Liquidation is commonly undertaken for reasons of tax efficiency to obtain entrepreneurs relief for capital gains tax purposes. Fast Liquidation can help you liquidate your company by:
Offering a tax efficient distribution to you of your capital
Taking full control of your liquidation
Orderly winding up your company
Obtaining full tax clearance to enable a distribution to be made
Providing a legal, efficient and effective winding up procedure
Providing a caring and responsive approach
How to prepare for a Members Voluntary Liquidation by UK Liquidators
In order to prepare for a Members Voluntary Liquidation of a company the following is required:
- Statutory Declaration of Solvency based on an Estimated Statement of Affairs
- Meeting of the Board of Directors to confirm the winding up
- Members Resolution authorising the winding up and appointment of a liquidator