How to liquidate your company

It is worth knowing about liquidating your company from the outset of your private practice. Ian Tongue explains.

BlenderFor those trading as a company, there is usually a finite life to their business, with liquidation being an option to dissolve the company when you cease your private practice.

‘Liquidation’ is often heard about in the news, usually in the negative context of a big business failing, but there are different types of liquidation and this article explores the most common for consultants: a members’ voluntary liquidation or MVL.

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