Members Voluntary Liquidation
Taking the Stress and Struggle Out of Voluntary Liquidation
How it Works
If a company is solvent and is no longer trading or required, then the directors and shareholders can place it into a Members Voluntary Liquidation.
- The shareholders of the company effect the appointment which can occur within two business days.
- It is the Liquidator’s role to realise the company’s assets and distribute the money to the shareholders. In some circumstances it may be possible to distribute the assets in specie.
- There may be certain tax benefits of performing this type of liquidation in relation to distributions from the company (i.e. CGT).
- There may also be other benefits of this type of liquidation, particularly in circumstances where the company traded in a particular high risk industry. A formal liquidation of this type can be more appropriate than a deregistration.
Jones Partners have a streamlined approach to initiating these appointments, as well as acting on more complex liquidations where there are significant assets to be dealt with and also taxation and shareholder considerations.
Call us now on +61 2 9251 5222 or click here to arrange an obligation free discussion to help take the stress away.
Level 13, 189 Kent Street, SYDNEY NSW 2000
P: 61 2 9251 5222
F: 61 2 9247 5911
Suite 301, Level 3 - 4 Columbia Court
Nexus Building, Norwest Business Park BAULKHAM HILLS NSW 2153
P: 61 2 9894 9966
South West Sydney
Studio 2, Shops 10-11
38 Exchange Parade
NARELLAN NSW 2567
P: 61 2 4647 7468