Company Liquidation
Closing a company requires proper legal and financial steps. We manage the full liquidation process so companies are closed in a compliant and audit-safe way.
What’s included
✔️ Liquidation planning: define scope, timeline, responsibilities, and risk areas
✔️ Appointment of the liquidator and preparation of relevant resolutions/ documents
✔️ Notifications to creditors and authorities (including process tracking)
✔️ Final accounting and tax wrap-up coordination (including reconciliations and outstanding obligations)
✔️ Settlement of assets and liabilities (practical checklist + documentation alignment)
✔️ Support for closing bank accounts and handling remaining balances (as applicable)
✔️ Final deregistration: submission package and confirmation of removal from register
✔️ Audit-ready archive: decisions, notices, accounting evidence, and confirmation documents
What we need from you
✔️ Company details and current status (active/inactive, outstanding obligations, last filings)
✔️ List of assets and liabilities (bank balances, receivables, payables, loans)
✔️ Creditor information and any ongoing disputes (if any)
✔️ Accounting records and tax status (latest filings and pending obligations)
✔️ Decision owner(s) for approvals and a contact person to coordinate steps
How it works
1. Initial assessment: review current status, risks, and the best liquidation approach.
2. Appoint liquidator: prepare resolutions and register the appointment.
3. Notify creditors and authorities: issue notices and manage the response timeline.
4. Settle finances: finalize accounting, taxes, and settle assets/liabilities with documentation.
5. Deregister the company: submit the final package and confirm removal from the register.
Typical timeline
Typical: several weeks to several months depending on creditor notice periods, outstanding liabilities, and the complexity of settlements.
If the company is clean and inactive: the process is usually faster.
If there are disputes or complex assets: timeline extends; we provide a structured plan to keep it predictable.
Common pitfalls we prevent
✔️ Starting liquidation without a full view of liabilities, leading to surprises and delays
✔️ Incomplete creditor notification process, risking claims or procedural challenges
✔️ Unfinished accounting/tax obligations that block deregistration
✔️ Poor documentation of settlements (assets/liabilities), creating future disputes
✔️ Missing archive discipline - hard to prove the process was completed correctly later
FAQs
Find answers to common questions!
We start with an assessment of status, liabilities, and goals. In some cases, other restructuring options may be more appropriate.
They must be settled and documented. We provide a practical checklist and coordinate with accounting/tax wrap-up.