Corporate streamlining

Reduce superfluous costs with our corporate streamlining services

Our team can help groups streamline their corporate structure, whether that’s to reduce ongoing administrative costs in dealing with obsolete subsidiaries or to assist with general tax planning.

We work closely with our business and corporate tax team to:

• Review your existing corporate structure.
• Review each entity and understand its purpose, including its tax consequences.
• Consider whether a dissolution or members’ voluntary liquidation (MVL) is appropriate.
• Help you implement a strategy using economies of scale to greatly reduce unit cost of each liquidation.

Members’ voluntary liquidation (MVL)

Sometimes a solvent company is no longer needed, or the directors or shareholders may wish to retire.  As such, a MVL may be required. It can be a tax-efficient way of distributing the assets of a company to its shareholders, enabling qualifying shareholders to benefit from business asset disposal relief (previously known as entrepreneurs’ relief), bringing the life of the company to an end.