Is it time to end the limited company?
The company can be wound up by liquidating the company through liquidation. The Annual General Meeting decides on the dissolution of the company and elects a liquidator to replace the company’s Board of Directors and a possible CEO. The liquidator applies for a public summons even if the company has no creditors and handles everything necessary during the process. The liquidator realizes the assets in cash, pays the debts and distributes the distributable funds, and prepares the final statement. The process takes several months, and winding up the company is not as quick as setting it up. We offer a comprehensive service and are happy to make an offer to dissolve the company. Accounting must be up-to-date before the start and throughout the process, and we also provide accounting services during the process demolition if necessary.
Process:
- Send all required documents for the preparation of the final balance sheet and distribution of assets.
- We will send you an offer for the entire process
- We prepare legal documents as well as other necessary documents
- Publication of a notice regarding liquidation in the Official Announcements and notification of all known creditors
- All you have to do is confirm the reports and wait until the company is removed from the Trade Register
Liquidation process:
- Registration of liquidation and liquidator
- Applying for a public challenge to creditors
- Announcement of the dissolution of the limited company at the Annual General Meeting
- Notification of the final settlement to the Trade Register. The final report includes the liquidator’s report on the liquidation procedure and a description of the company’s assets. The report is accompanied by the financial statements, the reports of the Board of Directors and any auditor’s reports for the period of liquidation
- Liquidation process will take approx 6 months
We liquidate the company in Estonia, Finland, Latvia and Lithuania.
