Members voluntary liquidation.
A Members’ Voluntary Liquidation occurs when the company meets with its members and agrees to wind up the company, even though it is still solvent. A company that is able to meet its financial obligations may decide to wind up for numerous reasons. Whether the company has simply reached the end of its usefulness or the directors and members have a mutual belief that now is an ideal time go their separate ways, a members’ voluntary liquidation is the best way to realise the company’s financial situation and distribute the funds among the creditors and members as required.
SM Solvency Accountants can help guide you through your company’s solvency so that your transition into financial stability will be without hassle. Our services come with a free, no obligation initial consultation to ensure that we understand your financial situation and can recommend the best strategy to get you out of debt as soon as possible.
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