What is a Members Voluntary Liquidation or MVL?
A Members Voluntary Liquidation, or MVL, is often called a “solvent liquidation” because it is used to liquidate companies which have a surplus of assets.
A Members Voluntary Liquidation is often the preferred option when the directors and shareholders wish to bring the life of the Company to an end and extract the remaining assets in a tax efficient way. If Entrepreneurs Relief is available, the tax rate payable on the assets extracted will be only 10%.
More information can be found here.
Alternatively, if you would like a free face to face, or telephone meeting, with a Licensed Insolvency Practitioner, please ring 01326 340 579 or 01305 458 383, to arrange a mutually convenient time and date to discuss the options open to you and your Company.
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