Liquidation of the business

Activities of the advocates union «Legal Force» include all types of procedures related to closing down businesses — liquidation of the business, bankruptcy, reorganization, merging and acquisitions. In the course of the company’s activity or its reorganization the need to allot subsidiaries or reorganize them to form a separate structure may arise, including merging several businesses or liquidating separate divisions.

Liquidation of the business — anticipates complete cessation of all activities without succession. During its activities the company can accumulate substantial debts or problems with taxation, which can change the liquidation process from voluntary to compulsive.

Voluntary liquidation should be carried out based on the unanimous decision of all founders of the company or an authorized body, whereas compulsory liquidation is possible based on the court decision.

Re-organization of the company serves as an alternative way of company liquidation. In this case activities discharge takes a lot less effort, time and funds, at the same time all rights and obligations are inherited by other legal bodies. Re-organization is a rather wide-spread and popular way of business re-organization.

When addressing our specialists in regards to the issues of liquidation a full circle of services becomes available:

• Analytics and consulting;
• Procedure evaluation;
• Tax analysis and account handling;
• Annulations with all state authorities;
• Activities plan development;
• Preparation of statute documents;
• Registration and accreditation of new bodies;
• Liquidation procedure assistance;
• Liquidation procedure handling;
• Documents archiving;
• Stamps and seals annulations.