Liquidation of a company (and closing of a branch)
Liquidation is a way for your company to terminate business. Liquidation represents a legal procedure leading to the termination of your business, i.e., its dissolution and end of legal existence.
Regardless of your motives for dissolving your company, it is important to understand that the liquidation process is inherently complex, time-consuming, and involves extensive paperwork.
Liquidation encompasses administrative and legal facets, alongside accounting and tax considerations, necessitating the collaborative efforts and coordination of various advisors.
Adherence to stipulated time limits is essential. Thus, it is prudent to meticulously prepare for the liquidation, judiciously select the appropriate date for your company to commence liquidation, and ensure all company debts are settled.
In collaboration with our accounting and tax advisors, we are poised to offer you a comprehensive advisory package. This ensures that your business navigates through the liquidation process efficiently and smoothly. We commit to guiding you from inception to conclusion, providing lucid explanations on any issues that may arise.
The service includes:
- Holding the initial consulting meeting.
- Preparing a time-schedule.
- Coordinating the process from start to end.
- Preparing legal, tax and accounting documentation.
- Calling a general meeting to vote on the company to enter liquidation.
- Terminating the business in terms of taxes and accounts.
- Making sure the liquidation schedule is complied with in due manner and time.
- Deleting bank accounts.
- Completing the liquidation and having the company deleted from the Commercial Register.
Closing of a branch
This process is very similar to liquidation but it is not liquidation as such because a branch has no legal capacity.
We will help you with the proper termination of your activities, processing of related documents and subsequent deletion of the branch from the Commercial Register.