Also, reasons for deciding to terminate the activities of a business entity may include: insolvency, unprofitability, a decrease in the number of counterparties, an increase in business costs, a decrease in income.
The concept of bankruptcy and liquidation
According to the current legislation of Ukraine, bankruptcy is the inability of the debtor to fulfill monetary obligations to creditors, to make payroll calculations and with the tax inspectorate. This inability is recognized only in court.
Liquidation, in contrast to the procedure of enterprise bankruptcy, is defined as the termination of an LLC's activities at the initiative of the founders, directly in accordance with their decision. This procedure involves preparing a decision of the highest body of the company to terminate activities, as well as appointing a liquidation commission.
After that, it will be necessary to submit it to the registrar so that he enters information into the USR that the entity is in the process of liquidation. It is also necessary to resolve all issues with the tax inspectorate and submit liquidation reports, undergo an audit and a lot of inspections. The liquidation itself lasts at least 6 months, according to the law, but in practice it drags on for an indefinite period.
Liquidation of an individual entrepreneur is a much simpler procedure, but it also has its "pitfalls" and lasts from several months to a year. It involves submitting documents to the registrar, submitting reports to the State Tax Inspectorate, reconciling debts, undergoing documentary checks and audits.
From the above, it can be understood that liquidation of an LLC and liquidation of an individual entrepreneur are very complex procedures that require special knowledge. To successfully complete them, it is necessary to have not only theoretical but also practical skills, which are undoubtedly possessed by the lawyers of "Law Firm 'Flagman'". This company has specialized in the registration and liquidation of business entities for many years. That is why this company can offer LLC owners an express liquidation procedure. It consists of selling shares in the authorized capital and transferring all corporate rights to the enterprise.
Express liquidation of a Limited Liability Company is a completely safe and legal procedure that will be useful for enterprises with a negative financial situation. This procedure is much more affordable and faster, as it takes place in a few days. By contacting "Law Firm 'Flagman'", you can count on an individual approach, reliability, safety, quality and speed of services provided.
PR