When a company has achieved all of its objectives or the reason to remain open is no longer valid. The members may then decide to wind up the company by selling all of its assets and distributing any surplus after payment of liabilities to the shareholders. It can also be used to reorganize a group of companies, such as if a subsidiary company is no longer required or non-performing or has served its purpose. Whatever the objective, by proceeding with a members’ voluntary liquidation, the directors are able to wind-down the company in the most efficient manner possible.