Liquidation Company: characteristics and types

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Liquidation LLC is not nothing like an ordinary termination of its activities.The reasons may be different here:

- any economic problems;

- the court's decision;

- differences that have arisen between the founders;

- personal initiative of the owners.

also can lead to the elimination of all kinds of violations, penalties and many more.Sometimes the elimination is used as the means of accumulated problems.Some firms thus make attempts to evade payment of debts.

Liquidation Company: what you need to know about it

case of liquidation of the legal entity information about it are deleted from the register, as well as the company off the register to the tax office.Always state duty paid for the liquidation of LLC.

decision to liquidate company can not be accepted by all.It can take:

- founders;

- authorized body.

In the first case the liquidation is considered to be voluntary, and in the second - forced.Volunteering can occur due to the end of the period for which it was created (if that term was meant to create), to achieve the goal, or the decision not appropriate further action.Compulsory liquidation may be due to offenses against the law, violation of registration, reporting problems, bankruptcy.

Liquidation Company can be carried out in many different ways:

- official (or voluntary) liquidation;

- sale of the company (change management);

- reorganization (merger or acquisition);

- possible liquidation through bankruptcy.

Each of the options something good and something bad.We can not say which one is better than the others, because in each case the conditions are different, so the choice should be implemented by acting on the situation.

official liquidation Ltd.

This procedure may take a long time, since it is much more difficult a simple registration.The procedure for such liquidation conceals many different risks that have to be explored.

Stages official liquidation

- at the beginning of the decision on liquidation, then notified the registration and tax authorities;

- creates a special liquidation commission, from which selected its chairman;

- warning of liquidation is published in the Bulletin of the state registration;

- made repayment of all debts;

- drawn up and determined by the liquidation balance sheet.The registration and the tax authority informed about its drafting;

- takes the final drafting of the liquidation balance sheet, as well as the liquidation of the legal entity is registered.

Liquidation Company through the reorganization

In this process, too, a few steps.Here they are:

- decision;

- registration of necessary documents;

- Adding to the Incorporation of the entry of the start of the reorganization;

- publication of information in the Bulletin of the state registration;

- followed by the re-publication;

- registration of reorganization.

liquidation through bankruptcy LLC

Regarding this method, there is a lot of controversy.This is due to the fact that any errors in its process can lead to litigation and cause for a criminal case involving the abuse of authority head, with a fictitious or premeditated bankruptcy.This is quite natural, as many unscrupulous companies use this method to avoid paying debts.This is unfair and against the law, but very few people stops.

whole process through bankruptcy liquidation company must take place under strict supervision of specialists.Make everything legally and without error is very difficult, however, experienced lawyers, this problem does not seem too exigeant.