Members’ Voluntary Liquidation
A Members’ Voluntary Liquidation is often a tax effective method of bringing the affairs of a solvent company to an end by settling the claims of creditors in full and distributing the surplus assets of the company to its members.
The Liquidator does not always physically realise assets, as they may be transferred to the members in specie as part of the distribution process.
The appointment of a Liquidator under these circumstances provides a tax effective way to distribute assets to the members of the company.
To speak with us further regrading whether a Members’ Voluntary Liquidation may be appropriate in your situation, please contact us on 08 9215 7900 for a cost and obligation free consultation.