The liquidation process may appear straightforward, but there is a significant degree of risk and responsibility involved. Anyone using Luxembourg SPVs, for example, has to comply with certain parameters around domiciling, accounting and tax. Any inaccuracies here will show up during the liquidation procedure and can lead to compliance issues.
In most voluntary liquidations, the owner of the entity may choose to distance themselves from any potential complications by handing the liquidation process to an experienced third-party specialist, such as Ocorian, who will be able to ensure everything is in order and complete it in a prompt, efficient and streamlined manner. The owner of the entity, meanwhile, is suddenly rendered free to focus on other business – which is likely to be of higher value.