Voluntary liquidation of a limited liability company (LLC)

The procedure for liquidating an LLC on a voluntary basis by its founders takes, on average, from 3 months to 1 year. The first stage is a meeting of the founders, who decide that the company should be closed. Also at this stage, a liquidator (liquidation commission) is appointed ...

The second step in closing an LLC is to notify the tax authority at the place of registration of the enterprise of the intention to liquidate the company. This must be done within 3 days from the moment the decision to liquidate was made. If the liquidator does not have time to notify the tax service within three days, then this threatens with administrative liability (fine), which is provided for in Article 14.25 of the Code of Administrative Offenses of the Russian Federation.

Further, an entry is made in the Unified State Register of Legal Entities stating that this company has begun the liquidation process. When the entry is made, then in this LLC it is no longer allowed to change the constituent documents. After the commencement of the liquidation procedure, all powers to resolve legal issues are transferred to the liquidator.

Another important step in the closing of the company is the announcement of the liquidation of the company in the relevant printed publications (also within 3 days). Creditors are also notified of the liquidation. Creditors are identified on the basis of primary and other accounting documents. Also, according to the results of an external audit and. Each creditor must be notified of the beginning of the liquidation of the company and individually. Notifications are handled by the liquidation commission elected at the meeting of the founders.

Next, an interim liquidation balance sheet is drawn up, which contains information relating to the company's property, as well as a list of creditors' claims. Also notified about the liquidation of LLC and extra-budgetary funds.

The registration authority will send the approved liquidation balance sheet to the debt collection authorities and other departments for verification. After the approval of the liquidation balance sheet, settlements with creditors are carried out. If there is not enough money to pay off all debts, then the property of the LLC is sold at public auction. But if these funds are not enough, then the company can be declared bankrupt.

If the settlement with creditors is completed in full and the property is still left, then it is distributed among the LLC participants in appropriate proportions. Next, you need to close all bank accounts and notify the tax office about the closure of each account (7 days are given for this). When an LLC is excluded from the unified register of legal entities, it is considered liquidated. As you can see, this procedure is long and complicated, so it will be very difficult to go through it without qualified legal assistance.

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