Blog Liquidation of company

Liquidation of a company through sale. Is it possible to close a business in this way without unnecessary problems?

The liquidation of a limited liability company is the complete cessation of the company’s work from the point of view of an economic entity, as well as the closure of the LLC itself without transferring it to another person.

Jan, 18 2023
Suspension of a legal entity’s liquidation

The official winding up of a legal entity is a difficult procedure which takes time and requires concerted actions of a huge number of professionals. First of all, executive bodies inform about the beginning of the procedure through the media, then they appoint a commission and draw up an interim balance. Once the debts are settled, the companies approve the final balance. It is also necessary to fire the employees, pay salaries and compensation to employees – and this is not the complete list of actions.

Jan, 17 2023
Liquidation of legal entity in 2022

The company is operating until an entry on the termination of its activities appears in the state register. The liquidation procedure is complicated and prolonged, and if the norms of the law are not observed, it will not be possible to liquidate the business.

Jan, 15 2023
Subsidiary liability. Grounds for attraction. The order and nuances of legislation.

Subsidiary liability (CO) is one of the types of liability that occurs in the event of bankruptcy of the company and the formation of debt. In this case, the head of the legal entity will be obliged to repay the debt from his own funds.

Jan, 15 2023
Appeal against a decision to liquidate a legal entity

Contents: Who can appeal the liquidation decision Grounds for appealing the liquidation decision Terms and methods of appeal of liquidation of legal entities Procedure for judicial appeal of a company liquidation order Documents required to challenge the liquidation of a legal entity Our company services A legal entity can be…

Jan, 13 2023
Liquidation of a legal entity. Methods, consequences, purpose. Consistency and general characteristics.

Liquidation of a legal entity is a procedure provided for by law in order to terminate activities without transferring rights and obligations to other persons. Termination of the operation of an enterprise that is registered as a legal entity is a process, each stage of which is regulated by the legislation of the state. In case of its violation, the procedure may be delayed for a long time or come to a standstill, which is not beneficial for the owner of the company, and also threatens with various fines.

Jan, 10 2023
Voluntary liquidation procedure of legal entity

Russian legislation provides a special procedure for the final termination of commercial activity, without transfer of rights and obligations. Each stage of legal entity’s termination is regulated by law. In case of law violation, the procedure may be delayed for a long time or come to a standstill, which is disadvantageous for company’s owner and threatens with large fines.

Jan, 09 2023
Liquidation of the company through sale. What advantages does this method of closing an LLC provide?

Contents: The legislation of the Russian Federation provides for two types of liquidation of the company Voluntary Forced Features of liquidation of a company by sale to another owner The procedure for closing a company through a purchase and sale transaction The procedure for closing a company through the transfer…

Jan, 01 2023
Non-judicial liquidation of a legal entity

The procedure for the termination of the company is regulated by law at each stage. Not only the owners of the company can dissolve a company: this process can also be initiated through a judicial proceeding. However, for any company, non-judicial liquidation of a legal entity is the best outcome, since it does not involve additional risks for the reputation and finances of an enterprise.

Mar, 27 2020
Administrative liquidation of a legal entity

Administrative liquidation of a legal entity is a multi-stage procedure that is performed by decision of a tax authority. It is regulated by the legislation of the Russian Federation, violation of which may lead to refusal on company’s termination.

Mar, 27 2020
State registration of liquidation of a legal entity

A company may be deemed to have been dissolved and ceased to exist only after it has been recorded in the registry. Thus, the final stage of liquidation of any enterprise is the state registration of the liquidation of the legal entity. Without an entry in the register, the company cannot cease to exist, relevant changes are made by the Federal Tax Service or the Registration Centre.

Mar, 04 2020
Compulsory liquidation of a legal entity

Russian law provides for several types of companies’ activity termination. A legal entity may be wound up by decision of its participants or the court. In the first case, company ceases to exist in connection with the expiration of the period for which the enterprise was created, or in connection with the achievement of the purpose of its operation. For example, if a company was created to implement a construction project, after putting the facility into operation, the company may officially cease to exist.

Mar, 04 2020
Liquidation of company’s representative office

Liquidation of represen are the forms of separate subdivisions stipulated by Russian law. They are situated outside the main location of the company, but branches and representative offices are not synonymous. According to the Civil Code, they have fundamentally different functions, which are detailed in Article 55 of the Civil Code.

Feb, 25 2020
Liquidation of a legal entity with debt without bankruptcy

The liquidation of a legal entity with debt without bankruptcy is a complex multi-stage procedure that should be carried out by qualified lawyers. It requires careful compliance with law. The grounds for liquidation, as well as procedure for the enterprise and its debtors are described in a number of laws, including federal law “On Insolvency (Bankruptcy)”.

Feb, 25 2020
Liquidation of inactive legal entity

Liquidation of inactive legal entity by the tax authority is a multi-stage procedure, which takes place in strict compliance with legal requirements. Commercial organization is not considered dissolved even if it has ceased to conduct its business activity until the relevant entry in the registry about it has been made.

Feb, 25 2020
Compulsory liquidation of a legal entity by tax authority

There are many reasons for liquidating a commercial organization including decision of tax authority. Also, it can be referred to the voluntary liquidation of the company by decision of its members or management. The decision to terminate a business can be made because it has achieved its goal or the deadline for which it was founded has passed.

Feb, 25 2020