Members’ Voluntary Liquidations
The members of a solvent company may voluntarily resolve by special resolution to appoint a liquidator to the company to wind up the company’s affairs. A company’s members may wish to resolve to voluntarily wind up a company, as opposed to merely deregistering it in order to obtain the potential capital gains tax (and possibly other tax) advantages associated with a liquidator making a distribution of the company’s retained profits.
For more information regarding Members’ Voluntary Liquidations you may wish to contact one of the staff and Pearce & Heers.