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Liquidation of a Limited Liability Company
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 in a form of liquidation 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 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 procedure will be carried out by qualified lawyers. The procedure of a limited liability company liquidation typically lasts up to six months.
Company Winding-up with Liquidation
If your company owns capital according to its accounting books and does not have any liabilities against its creditors, it is possible to wind up the company by a procedure of capital liquidation, which represents division of the capital between its partners. Although this procedure is a more time-consuming way of company winding-up, we can guarantee a positive outcome if all legislative requirements are met, including a granting of approval from the Tax Office – tax administrator approval. The most important step is an objective analysis of the company’s accounting condition, as any overdue liability could prolong or even terminate the process of winding-up. The initial analysis of company’s financial as well as legal status will be provided within the service price. In a situation when your company has recorded a minimum of two 30-day overdue liabilities, it is necessary to carry out an obligation and file a petition for bankruptcy.
We will carry out the procedures ensuring a limited liability company winding-up with liquidation as well as all necessary actions related to the company deletion from the Commercial Register.
Why choose us:
- Free initial consultation
- Contractual guarantee of company deletion from the Commercial Register
- Contractual guarantee of an agreed price without any additional fees
- We provide services within whole Slovak Republic
- The quality of our services is guaranteed by our team of economists and lawyers
- Our references
