Liquidating limited company ireland

You can choose to liquidate your limited company (also called ‘winding up’ a company).The company will stop doing business and employing people.This will be your last meeting as Director of your company.From here on in the company is no longer your problem, it is for the Liquidator in office to deal with any problems now.Even following the new rules, assets distributed under a Members Voluntary Liquidation (MVL) are still taxed on the shareholders' as capital, which is why this has now become the most popular method for contractors to close their company.MVLs are where shareholders choose to wind down their company, and can only be used if the company is solvent.

Some may turn up, generally it is to ask questions of the Liquidator.Please call us on 01-2848911 to speak to our experts today with any questions you may have, or download our order form here or call us today and we will fax / e-mail or post the order form to you immediately.Whilst winding down a limited company is far from the minds of contractors who are just starting out, with luck every contractor will reach the point of retirement or may even at some point re-enter the world of the permanent employment.What's optimal today for a liquidating PSC was just as optimal before April 6th.In today’s shaky Irish economy it is becoming far more common for a company to experience financial difficulties.

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