Understanding the various legal technicalities 

Liquidation of organizations (legal entities) is in accordance with Art. 61 of the Civil Code of the Russian Federation – the exclusion of a company from the register of legal entities without succession are the most direct and safe way to terminate a company. Only this method of liquidation of organizations makes it possible to reduce the risks of bringing to responsibility for the previous activities of a legal entity to a minimum (as opposed to surrogate and in fact illegal methods of alternative liquidation – fictitious company sales and reorganization).

Liquidation of Organizations from Our Law Firm

The uniqueness of our proposal for the official liquidation of the company lies in the guaranteed passage of all verification procedures conducted by the tax authorities, including on-site or desk audit. When it comes to corporate law, one must always take the help of the best and the professional lawyers.

Liquidation of Legal Entities

Liquidation of an enterprise (firm, organization) is the termination of the activity of a legal entity without transferring its rights and obligations to other persons. The liquidation of a company consists in excluding an enterprise from the state register – canceling all constituent documents, conducting a full audit by the tax inspectorate and state extra budgetary funds, destroying the seal, filing documents and submitting them to state archives for permanent storage. It is necessary to distinguish between voluntary and compulsory forms of liquidation of a legal entity. Voluntary form of liquidation of a company – by decision of the founders (participants) or the body of the legal entity authorized for this by the constituent documents, incl.

Company Liquidation Procedure

In case of voluntary liquidation of an enterprise, the initiative comes from the general meeting of shareholders, participants, who at a general meeting must adopt and issue a decision on the liquidation of the company. The right to manage the affairs of the company, to represent its interests in court and the powers are transferred to the created liquidation commission (liquidator). The liquidation commission shall be obliged to publish a message on the termination of the organization’s activities, which includes the name of the organization, the date of the decision to liquidate the company, the composition of the liquidation commission and the TIN, and the deadline for claims of the liquidated company to creditors. The commission will also notify all creditors and debtors of the impending liquidation of the company in writing and take measures to recover debts under the supply agreements. The registering authority reviews the documents submitted, makes an entry about the liquidation of the company in the Unified State Register of Legal Entities and issues an extract from the registry about it. From this point on, the liquidation of the company is considered complete. Everyone who does business just needs to know what rules the reorganization and liquidation of the enterprise takes. If you are faced with this issue, then our experts are at your service.