Liquidation of the company and its removal from the commercial register
Business does not always bring with it only the successes and growth of the company, but at some stage of the business it can happen that it no longer needs its own company and wants to "get rid" of it. Several alternatives are being considered to deal with an unnecessary company.
Merger of the company
A merger of an unnecessary company with another company is also considered. This method is not simple and inexpensive, but it means a safe settlement with your own company.
Ex officio erasure
This is the removal of the company ex officio, where the court may, on the initiative, delete the company if the legal conditions for doing so are fulfilled. However, it is a very lengthy process and the court does not even have to comply with the application in the end. Moreover, it also imposes a certain cost of processing such a proposal.
It is a safe but, on the other hand, a more demanding and complicated process. Our great advantage is that under one roof we will comprehensively provide you with the entire liquidation process and you do not have to worry about anything anymore.
on the liquidation of the company
Procedure for liquidation of s.r.o.
- Preparation of the contract for the performance of the function of liquidator
- Elaboration of the liquidator's consent to the appointment as liquidator
- Lodging an advance on winding-up proceedings with a notary amounting to EUR 1,500
- Preparation of the minutes of the general meeting or the decision of the sole shareholder to enter into liquidation – notarly verified (only by the registration of the liquidator in the Commercial Register enters the company into liquidation)
- Copy of the document for the liquidator's signature — necessary notarial verification
- Elaboration of a power of attorney to represent the liquidator during liquidation before the Commercial Register, the Commercial Gazette and the Trade Register for a lawyer – necessary notarial verification
- Preparation of the power of attorney to represent the liquidator during liquidation before the tax office, social and health insurance companies for the tax advisor – necessary notarial verification
- Expert opinion on assets exceeding 10 % of the capital
- Approval of the expert's report by the general meeting or by the sole shareholder in the assets exceeding 10 % of the share capital
- Deposit of expert opinion in a collection of documents
- Registration of the company's entry into liquidation in the Commercial Register
- Publication of the company's entry into liquidation in the Commercial Gazette
- Notification of the company's entry into liquidation with the tax office, social security and health insurance companies
- Notification of the company's entry into liquidation to all known creditors
- Verifying that the company is in an extension and, if any, declaring bankruptcy in the event of an extension of the company
- Filing of extraordinary financial statements and tax returns on the date preceding the date of entry into liquidation
- Deregistration for VAT, filing of the last VAT return and return of the VAT registration certificate to the tax office
- Establishment of a list of registered claims on the expiry date of 45 days from the publication of the notice of entry into liquidation of the company and its deposit in the collection of documents within 30 days of the drawing up of the list
- Create a list of assets and store them in a collection of deeds within 30 days of the listing
- Settlement of individual receivables and liabilities, termination of contractual relations, "clean-up" of accounts
- Preparation and filing of extraordinary financial statements and tax returns at the date of winding-up proceedings
- Preparation of the final report on the course of liquidation
- Elaboration of a proposal for the distribution of the liquidation balance
- Drawing up the minutes of the general meeting or the decision of the single member to close the liquidation and approve the financial statements, the final report and the proposal for the distribution of the liquidation balance
- Notice of termination of winding-up proceedings to the tax office
- Publication of the termination of winding-up proceedings in the Commercial Gazette
- Transmission of the income tax registration certificate to the tax office
- Payment of the liquidation balance
- Application for deletion of a company from the Commercial Register
- Removal of the company from the commercial register
- Payment of an advance on winding-up to the liquidator from a notary
What cooperation in the liquidation of a company looks like
Cooperation is quite simple. After reaching out to our company,
that you are interested in liquidating your company, you have precise instructions
we will always explain clearly for each step. If the
cooperation on your part, you will always do so on our part
Prompted. Your cooperation will consist primarily of the signature of the
or agreeing to the documents we have prepared.
Length of the liquidation process s.r.o.
The entire liquidation process takes at least 6 months. Liquidation process
is extended to a minimum of 12 months if the company is subject to tax control or at the date of preparation of the financial statements the company registers a tax arrears against the tax office.
What to look out for
Advance on liquidation
Before you start liquidation, you are obliged to
an advance on liquidation of EUR 1 500 for a notary. After
the notary pays the advance to the liquidator at the end of the liquidation.
In the event that your company owns assets worth more than
than 10% of the share capital, you must have an expert
which is subsequently published in the collection of documents.
We can provide you with a comprehensive liquidation at a total price of 935 euros, including administrative fees (as far as a company with simpler accounting and no need for expert opinion is required). That amount already includes administrative fees.