Liquidation of a legal entity
Company liquidation is the process of closing a legal entity, which can occur for various reasons, including lack of profit, owner’s decision, cessation of activity, or non-compliance with legislation.
What is liquidation of companies?
The purpose of liquidation is to complete the company’s business activity, settle its financial obligations, distribute its assets and liabilities among creditors and members, and then remove it from the state register.
What are the types of company liquidation?
There are two main types of company liquidation:
This is a process in which a company decides to liquidate voluntarily. This can happen for various reasons, such as a lack of financial resources, an unsuccessful business, or the decision of the owners. Engaging a liquidation company can streamline the dissolution, allowing the business to close its operations with clarity and precision.
This is a process in which a court or government decision liquidates a company. This can occur due to violations of the law or failure to pay taxes.
Steps for elimination
What are the steps to liquidate a company?
The process of liquidating a company can be complex and requires many steps. Here are some of them:
Appointment of a liquidator
Preparation of documents
Notification of creditors
Assessment of assets and liabilities
Distribution of assets and liabilities
Removal from the state register
How can a company be helped during the liquidation process?
Liquidating a company can be an intricate and protracted journey, often laden with potential pitfalls and legal intricacies. Given these complexities, a multitude of firms opt to enlist the expertise of professionals. Our adept team at Lawtter Solutions offers a suite of business liquidation services to guide and support businesses through every phase of the liquidation process.
Consultation on company liquidation
Management of the liquidation process
Assistance in the distribution of assets and liabilities
Preparation of documents for deregistration
Support during the liquidation process
Preparation of financial statements
Development of a liquidation strategy
Representation of the company's interests
Company liquidation is a serious and complex process that requires a lot of time and resources. Our company offers a full range of services for company liquidation, starting from consultations and document preparation, to the supervision of the liquidation process and representation of the company’s interests. Our experts have extensive experience working with companies of all sizes and industries, and we are ready to help your company successfully navigate the liquidation process. If you have any questions or would like to discuss our company liquidation services, please contact us for a consultation.