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Company Liquidation

It is recommended to entrust this work to professionals, but it should be noted that the cost of their services will be much higher than when you tried to register as an individual entrepreneur or another type of activity. Much more time is spent on the liquidation procedure of a legal entity, which forces a more serious approach to this issue.

First, you need to prepare the documents that will be needed for the liquidation. You must have at hand the certificate of its registration as a legal entity and an extract from the unified register of legal entities. Undoubtedly, you will need the originals of the constituent documents of the company whose liquidation is planned. Also useful will be the data of tax registration, certificates from the statistics department about the company's codes, various notices from funds, including pension and social insurance.

Also prepare the seal and copies of passports and certificates of assignment of TIN codes of all members of the liquidation commission. We remind you that liquidation of a legal entity occurs only if such a decision is made unanimously by all founders. Only after this procedure is it necessary to notify the tax authority at the place of registration of the enterprise about the decision to liquidate it. Only after this notification will it be necessary to fill out a special form for the further termination of the legal entity's activities.

It should be noted that you must notify the tax service about the liquidation of the legal entity within three days. If you fail to do so within the specified period, your company and you will be fined. Next, the liquidation commission is approved, which is obliged to announce the liquidation of the legal entity in the media. And from this moment, all powers to conduct all affairs of the company pass to the liquidator.

We draw your attention to the fact that the announcement of the liquidation of the enterprise should also state the deadlines for accepting claims from its creditors. The period established by law is two months. After that, an inventory of the enterprise's property is mandatory, and if there are accounts receivable, all measures are taken to repay them, as provided by the provisions of the Civil Code. After this, an interim liquidation balance sheet of the enterprise is prepared.

It is at this stage that the enterprise must settle all its debts, the priority of repayment of which is provided for by current civil legislation. The enterprise's tax obligations are repaid from funds received from the sale of collateral. After receiving all necessary documents, the tax inspectorate will enter a record of the liquidation of the enterprise as a business entity in the unified register of legal entities.

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