Members Voluntary Liquidations
Learn more about Artemis Insolvency
Learn more about Artemis Insolvency
To undertake a members’ voluntary liquidation the company must be “solvent” i.e. it can pay its debts as and when they fall due and payable.
A members’ voluntary liquidation requires a special resolution of the members to wind up the company.
The defining difference with a members’ voluntary liquidation as opposed to a creditors’ voluntary liquidation is that the company has sufficient assets to pay out all creditors in full.
One of the main reasons that shareholders would consider a members’ voluntary liquidation for a company that they no longer have a need for is that they wish to have the equity of the company distributed in a tax-effective manner.
Call Artemis Insolvency today to discuss undertaking a members’ voluntary liquidation.
Artemis Insolvency will get in touch with you within 24 hours guaranteed.