Liquidation of companies

Yes, unfortunately, it happens sometimes that a business comes to an end.

At the same time, one cannot simply abandon the company, because the shareholders and the CEO are still responsible for it. Moreover, there is a risk that shareholders and the director will be prohibited from establishing and heading companies in the future.

Therefore, it is necessary to carry out liquidation in compliance with all rules - and we know how to do it!

At the final stage, our liquidator will transfer the remaining money to the company’s shareholders, close bank accounts, register the end of the liquidation and archive the documents.

Only when the liquidation is carried out in accordance with all rules, the shareholders and the CEO may be free from responsibility and dedicate themselves to new projects.

First, the shareholders resolve to start the liquidation and appoint the head of the company for the period of liquidation (a liquidator). We will draft all necessary documents and provide an experienced liquidator.

Next, we will notify the tax authority about the start of liquidation, publish a message in a special periodical and notify the creditors. And start the dismissal of employees.

At the next stage, we will collect creditors' claims, identify receivables, draw up and approve an interim liquidation balance sheet, and notify authorities.

After satisfying the creditors' claims, the final balance sheet (a list of assets and money remaining in the company after the settlements with creditors) will be approved.

A Chinese manufacturer of packaging materials contacted us with a request to liquidate its Russian subsidiary.

We held the meeting of shareholders, resolved on liquidation, and appointed a liquidator. State authorities were notified on the start of liquidation.

In the next step, we published a message in a special periodical and informed creditors of their right to apply for the debt repayment. Creditors' claims were registered, receivables collected. The company's employees were dismissed.

Next, we prepared an interim liquidation balance sheet, containing information about the company’s assets and debts. The balance sheet was approved by the general meeting, and tax authorities notified.

At the next stage, we recovered accounts receivable, satisfied creditors’ claims, and conducted offset measures.

Finally, the final liquidation balance sheet was drawn up, the liquidation value was repaid to the shareholders, the bank accounts were closed, the end of the liquidation was registered, and the documents transferred to archive.