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.So, what is an MVL? An MVL is where shareholders ...
aSubsequently, the liquidator must inform the Court of Registry about the closing of the liquidation proceedings and the satisfaction of the taxes due by the company; the company is then removed from the Companies Register (section 62(4) of the Registry Act). 随后,清算人必须通知法院登记关于...
afor holiday 为假日[translate] aWhen comes back 当回来[translate] aThe company’s general assembly has to resolve on the above documents and issue a declaration on the closing of the liquidation proceedings (section 111(3) of the Registry Act). Subsequently, the liquidator must inform the Cour...
After initiating a liquidation process earlier in the year, Olympia Sports filed for Chapter 11 bankruptcy in mid-September. At the time, the company expressed its intent to close its remaining stores by the end of the month. The retailer was founded almost 50 years ago and operated around 23...