When you decide to close your business you might be concerned about how to go about this and whether it will be a costly or stressful process. A Members Voluntary Liquidations (MVL) could help show you the most tax efficient way of unlocking cash from your business so that your remaining profits are fairly distributed to shareholders as capital, and not dividends.
This is where our friends at Contractor MVLs come in. With their multi-award winning service, Contractor MVLs make liquidation as easy and tax efficient as possible for thousands of contractors all over the UK.
Contractor MVLs are licensed insolvency practitioners, offering bespoke advice and support to help you close down in the most effective way. They'll take care of the legwork, delivering the majority of the cash and assets from your company on appointment. Unlike many other MVL services, they will also recover VAT on all their costs and settle remaining liabilities after the MVL has taken place.