What is A Members Voluntary Liquidation Process?

A members voluntary liquidation process allows shareholders to appoint a liquidator in order to formally close down a solvent company. The liquidator will check all the company’s assets and make sure that there are no outstanding liabilities against the business. When it's done, a capital distribution will be paid to all the shareholders. In order to go through the MVL successfully, you need to follow the process. The first stage is to have a meeting of the board of directors. If you decide the MVL is the best course of action, then you need to make a declaration of solvency. This will state that a full enquiry has been made into the state of the business and that everything is in order. You can find out more about the whole process by getting in touch with our team. We look forward to hearing from you.


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