Where a dormant company has completed its purpose and is solvent, a Members Voluntary Liquidation is a process used to wind up the company. In this situation Crowe will act as a liquidator, providing financial and tax advice for the maximum return to the shareholders.
The advantages of a Members Voluntary Liquidation are:
- Tax efficient method of distributing cash/ assets to shareholders
- Avoids on-ongoing audit and accounting costs
- Can be used as part of a restructuring process where a group wants to streamline its structure
- Company avoids being involuntarily struck off