What’s an MVL and why would I need to use one?

If you’re a contractor who no longer needs their ltd company you may want to consider a member’s voluntary liquidation as a way of closing it down.

An MVL is suitable for you if you have enough money in the business account to pay off all your debts and you still have some left.

It’s a great way of taking the remaining cash out of the business in the most Tax efficient way.

If this might fit your situation your best bet is to search online or the cheapest option, there are some companies offering them for under £1,000. As always just make sure you get all costs in writing before you make a decision.

If your company has debts that you can’t afford to pay, an MVL is not for you.

Join me for a webinar Thursday 15th July at 12 where I will teach you all about company closure.

If you are a contractor who would like more information on closing your company join us on Thursday the 15th July at 12. Register here.

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without delay.

Call 0808 506 2246
Text 07717 738 167
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