Liquidation of LLC is a relatively demanding administrative process, whether from a time or legal point of view (accounting and legal processes and takes approx. 6 months, in addition, other fees will have to be paid.

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Liquidation of LLC can be characterized as a procedure regulated by the Commercial Code and other special legal regulations, during which there is an out-of-court settlement of the property relations of a defunct entity. Liquidation s.r.o. represents a demanding process, whether from a time or legal point of view, which involves the entire complex of legal and economic relations leading to the definitive settlement of property and other legal relations of a liquidated entity without a legal successor. In the process of liquidation, it is necessary to comply with a number of rules established by law, as well as obligations related to accounting or taxes, and therefore it is advisable to entrust the course of this process to experts.

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The company liquidation service does not include administrative and court fees, which amount to approximately €66, depending on the number of verified signatures of the client. At the same time, it is necessary to draw up the liquidation balance sheet at your own expense as of the date of the company's entry into liquidation and also subsequently the financial statements as of the end of the liquidation.

We will do all other activities for you. (Minutes from the general meeting, sample signature of the liquidator, full text of the founding document, submission to the registry court, publication in the commercial journal, minutes from the final general meeting, final report of the liquidator, notification to the tax office, requesting the tax administrator's consent to delete the company from the commercial register , deletion from the commercial register).

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LLC liquidation procedure:

The liquidation process can be divided into three basic stages, which include further sub-steps.

Adoption of the decision on the dissolution of the company and its entry into liquidation: Pursuant to art. § 70 par. 1 of Act no. 513/1991 Coll. Commercial Code, the company enters into liquidation on the day of its dissolution, while the company is dissolved on the day when the resolution of the general assembly of s.r.o. on such a fact is accepted. Subsequently, it is necessary to draw up the minutes of the general meeting at which the entrepreneur made a decision to dissolve the company, enter it into liquidation and appoint a person who will be the liquidator. We will prepare the minutes of the general meeting for you together with the liquidator's signature model and the company agreement or founding document in full, where the changes adopted at the general meeting will be reflected. However, since it is only possible to liquidate a company that has no debts, before the company goes into liquidation, it is advisable to find out its accounting status and draw up extraordinary financial statements.

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Liquidation of the company: The next step is the liquidation itself. After the decision of the general meeting has been adopted, the entry of the company into liquidation must be entered in the commercial register, where the company's trade name with the addition "in liquidation" is entered, as well as the person of the liquidator, who during the liquidation is authorized to perform only actions aimed at the liquidation of the company. After recording the facts in question in the commercial register, the liquidator will announce the entry into the company in the Commercial Gazette with a call for the company's creditors, or other persons and affected bodies to register their claims or other rights, within a period which, according to the Commercial Code, must not be shorter than 3 months. As a rule, the liquidator also informs the tax office of the fact in question. In this phase of the liquidation, we will submit a proposal to register the change in the commercial register, and after the registration, we will publish a notice in the Commercial Gazette.

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Deletion of the company from the commercial register: The third step concerns the end of the liquidation. Even in this final phase, the liquidator must perform several important actions. The liquidator is obliged on the basis of sec. § 75 par. 1 of the Commercial Code, on the date of completion of the liquidation, draw up the financial statements, the final report on the progress of the liquidation and the proposal for the distribution of the liquidation balance among the partners. Subsequently, he is authorized to call a general meeting, at which the partners will decide on the approval of the documents in question. After carrying out the liquidation itself and after the approval of the above-mentioned documents by the general meeting, the liquidator is entitled to submit a proposal for the deletion of s.r.o. from the commercial register. To the proposal to delete s.r.o. from the commercial register, it is necessary to attach the consent of the tax administrator with the deletion of the company from the commercial register, as well as documents drawn up by the liquidator and approved by the general meeting. In the final phase of the liquidation, we will prepare the liquidator's final report, the minutes of the general meeting, a notification to the tax office about the end of the liquidation and a request for the tax administrator's consent to delete the company from the commercial register. Subsequently, we will submit a proposal for the deletion of LLC from the commercial register.

Sometimes it is welcome, more beneficial and more efficient if the inactive LLC deleted from the commercial register. As a result, it will end its activity and at the same time come to monetization and settlement of all arising demands. Before the s.r.o. is officially liquidated, come