Procedures for closing an SL
Posted: Wed Dec 18, 2024 4:26 am
There is a current of opinion that advocates speeding up the procedures for creating companies as a measure that encourages entrepreneurship. Taking into account the different ways of setting up a limited company, these steps are very simple compared to those that must be taken to close it .
Even when the closure is not determined by bankruptcy proceedings, the obligations to be fulfilled for the cessation and dissolution of a limited company are more complicated and expensive than what its creation entails.
Liquidation of the company
Let's start from a situation in which the dissolution of telecommunications email list the company is not caused by the economic difficulties that may occur and which result in the request for a creditors' meeting that leads to the liquidation of the company. What procedures must be carried out in order to close a limited liability company in an "amicable" manner ?
There are two steps to be distinguished: on the one hand, the liquidation of the company and on the other, the dissolution itself .
The liquidation process involves the partners agreeing on how to meet outstanding debt payments and the distribution of surplus assets once this operation has been completed.
To do this, the board must approve the decision to liquidate the company , dismissing the directors and appointing a liquidator who, based on the updated balance sheet of the company, will offset the debts with the assets of the company and the resulting surplus (if any) will be distributed proportionally among the partners. In the event that the assets of the company are not sufficient to satisfy the debts, liquidation would not be possible unless said debts are offset with contributions from partners and they are the ones who waive the right to recover said contributions.
The purpose of liquidation is to ensure that the balance resulting from this procedure is equal to zero . Dissolution can then be carried out.
Even when the closure is not determined by bankruptcy proceedings, the obligations to be fulfilled for the cessation and dissolution of a limited company are more complicated and expensive than what its creation entails.
Liquidation of the company
Let's start from a situation in which the dissolution of telecommunications email list the company is not caused by the economic difficulties that may occur and which result in the request for a creditors' meeting that leads to the liquidation of the company. What procedures must be carried out in order to close a limited liability company in an "amicable" manner ?
There are two steps to be distinguished: on the one hand, the liquidation of the company and on the other, the dissolution itself .
The liquidation process involves the partners agreeing on how to meet outstanding debt payments and the distribution of surplus assets once this operation has been completed.
To do this, the board must approve the decision to liquidate the company , dismissing the directors and appointing a liquidator who, based on the updated balance sheet of the company, will offset the debts with the assets of the company and the resulting surplus (if any) will be distributed proportionally among the partners. In the event that the assets of the company are not sufficient to satisfy the debts, liquidation would not be possible unless said debts are offset with contributions from partners and they are the ones who waive the right to recover said contributions.
The purpose of liquidation is to ensure that the balance resulting from this procedure is equal to zero . Dissolution can then be carried out.