Liquidation is a way to wind up a legal entity, most often trading companies such as limited companies, general partnerships, joint-stock companies, limited partnerships (s.r.o.; v.o.s.; a.s.; k.s.), and civil society organisations. We inform the client about its course during the entire duration of the liquidation and at the same time pay attention to confidentiality and speed.
Services for business
Winding up and liquidation of companies
Fields of expertise
Meeting and consultation with the client
Receive the necessary accounting documentation
Obtain the consent of the tax authorities concerned as required to strike the company from the commercial register
Prepare the necessary accounting documents (such as financial statements for the period of liquidation, etc.)
Prepare the necessary documents and submit the application to strike the company from the relevant commercial register
Everything you need to know
Company liquidation phases
In simple terms, liquidation of a company can be divided into three phases:
- Winding up and liquidation, designating a liquidator and announcing the changes in the Commercial Gazette and the commercial register of the competent registry court. The company is required by law to use the words ‘in liquidation’ in the course of its business.
- Completion of liquidation and preparation of financial statements along with remarks concerning the period of liquidation.
- Striking the company from the relevant commercial register and preparing the liquidator’s final report, along with a plan to distribute the residual value and a tax return for the period of liquidation; consents must also be obtained from the relevant tax authorities in respect of tax arrears.