Contact information
In the situation where your business has not been successful or has not been active for a longer period or you have decided to terminate the business due to other reasons, company winding-up can be the solution. The reason for the necessity of company deletion from the Commercial Register is the fact that in case of not performing business activities it is still necessary to perform legal obligations in relation to the state administration bodies (to file tax returns, keep accounting statements). The condition for the company’s deletion from the Commercial Register is an analysis of company winding-up possibilities and consequently the deletion procedure itself. The assessment of your company’s situation and the possibilities of its future winding-up process will be carried out by qualified lawyers.
Bankruptcy
It is an obligation given by law and applicable for every entrepreneur to file the petition for bankruptcy after discovering the insolvency status of their company. This situation is mainly defined by liabilities which are 30 days overdue, and are registered by minimum two creditors. The bankruptcy proceedings can also be initiated when the value of liabilities exceeds the value of company’s assets. In such a case, the court suspends such bankruptcy proceedings due to insolvency and deletes the company – this form is among the quickest ways of company liquidation. It is important to point out to the fact that if a managing director does not comply with the obligation to declare bankruptcy, it can be commenced by a creditor. In such a case, an administrator can enforce a claim of a creditor to his partners up to the value of registered capital. Such situations a can be best avoided, if you leave the procedure of winding up an insolvent company to FONTIONNEL.
We will analyse the current status of your company, prepare a proposal for bankruptcy declaration and arrange all technicalities to ensure winding-up of your limited liability company by bankruptcy.
