Voluntary liquidation takes place when the directors and shareholders of a company decide to place it into liquidation, contrary to a Compulsory Liquidation where the company is forced to close. This process brings the company’s trading and operations to an end. As a formal insolvency process, voluntary liquidation is required to be carried out by…
Read MoreThere are many reasons why a company might liquidate, whether it has been decided that it is time for the director to retire or whether the business is no longer sustainable and cannot pay its debts. If you have decided that it is time to liquidate your company it is hugely important to understand the…
Read MoreVoluntary liquidation is a self-imposed ending and dissolving of a company, carried out with the purpose of ending a company’s operations, winding up its finances and bringing an end to its corporate structure. It is a route taken by many company directors, however, it is a big decision and if you are considering closing your…
Read MoreUnfortunately many companies face the daunting prospect of insolvency, and if this happens to your business, you need to ensure that everything is done correctly during the liquidation process and beyond. If you suspect that your company is insolvent, i.e. it can no longer pay its debts as they fall due or its liabilities exceed…
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