Members’ Voluntary Liquidation (MVL)
A Members’ Voluntary Liquidation (MVL) is a useful exit planning procedure initiated by directors to close down a solvent company.
Shareholders then appoint a liquidator to settle any remaining debts – the sum of money left over is distributed to the shareholders.
An MVL is a cost-effective strategy of closing down profitable businesses that have run their course. As distributions from liquidation can be treated as capital distributions, an MVL is a tax-saving option for shareholders.
Other good reasons for pursuing an MVL include:
- a company has simply come to the end of its useful life and you don’t wish to run it anymore;
- you would like to step down from the family business, but nobody else wants to take over;
- you are approaching retirement; or
- looking to entirely reconstruct the business.
If you’re interested in looking into this further, get in touch with our team. We can put you in touch with our preferred partner network of recovery and insolvency specialists.

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