why would a company choose a voluntary liquidation 
the reasons are numerous ranging from unfavorable business conditions that threaten the company s future to the loss of a key figure that the ownership does not think it can survive without the company may have been designed to be in business only for a set amount of time or for a specific purpose that has been fulfilled the company could also be seeking tax relief or looking to reorganize and transfer assets to another company the bottom linevoluntary liquidation is a process by which a company ceases doing business without a court order requiring dissolution the process is slightly different in the u s and the u k but both require that the board of directors institute the process and that a specified percentage of shareholders approve it depending on the situation a company s creditors may also be involved in instigating or carrying out the liquidation 