The Members' Voluntary Liquidation procedure was introduced in 1986 and has to be conducted by an Insolvency Practitioner. Once the wind down is complete, generally within one year, the company is dissolved.
But what's involved exactly? This guide tells you everything you need to know about MVL, including:
- What is a Members' Voluntary Liquidation (MVL)?
- When do you need an MVL?
- The tax and legal benefits of an MVL
- MVL flowchart
- Key MVL benefits and considerations