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.
Benefits
- 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.