No director wants to liquidate a company. But sometimes it becomes unavoidable.
So it makes sense that if the company can repay its debts over a period of time and have a little or a lot of money left over, then that money should go back to the director, after paying for the service.
This is called a Members voluntary liquidation.
Agreeing the fee for the members voluntary liquidation before signing any paperwork helps to keep costs under control and increases the chance for a directors’ payout.
It may be that the director has a fleet of cars with personal guarantees attached to company loan agreements and doesn’t want the cars sold off at rock bottom prices.
There could be lots of reasons to opt for a members voluntary liquidation.
If you want to know more about a Members Voluntary Liquidation, then Call TaxGone on: 01302 815846.
TaxGone - Company Voluntary Arrangement - CVA Specialists
from TaxGone http://ift.tt/1JfFm4u
via IFTTT
No comments:
Post a Comment