Are you a contractor looking to close down your solvent company?
An MVL could be the most tax-efficient way…
There are many different reasons why you might want to close down you solvent contractor company, including:
- you’ve just completed a contract
- you’ve decided to work for a company as a full-time employee
- you are approaching retirement
- you might simply want to cease contracting and unlock the cash from your limited company.
Whatever the reason, there are different ways for you to close down your contractor limited company. Depending upon how much cash there is in your company, using a Members’ Voluntary Liquidation (MVL) could be the most tax-efficient way and save you thousands of pounds.