The decision to liquidate an insolvent company is always a difficult one to make; however, as is the case with many aspects of running a business, it is important to act quickly and decisively. Taking the initiative to liquidate the company will release the company assets and settle company debts before the possibility of a…
Tag: Creditors Voluntary Liquidation
What are my Options for Liquidating my own Company?
If you are a director looking to liquidate your business, director-led liquidations take two key routes; Members Voluntary Liquidation (MVL) and Creditors Voluntary Liquidation (CVL). Although both result in the liquidation of a company, the causes and effects of an MVL and CVL are very different, so it is important for company directors to understand…
How to Liquidate Your Freelance Business
Are you a freelancer running your business through a limited company? At some point, every freelancer will want to close down their business, and in many cases, a freelance business will be closed with a liquidation process. Even if a freelancer trading as a limited company is successful and their business is making a profit,…