Smooth, compliant liquidation with accounting support
Services
If you want to officially close your business and wrap up operations without penalties, we’ll support you through the entire process – from decision to deregistration.
When might voluntary liquidation be necessary?
If a company is no longer operating but still exists legally, official closure may be necessary. Without legal closure, the owner remains responsible for reporting, filing, data provision, and other administrative obligations – and must continue covering the costs of maintaining the business.
Liquidation is the right choice if:
- the company is permanently ceasing operations,
- there are no plans to restart it,
- you’re restructuring your business portfolio,
- you’re closing due to a change in focus or retirement,
- or you simply want to eliminate maintenance costs (registered office, accounting, data reporting, etc.).
Why is proper and professional liquidation important?
Liquidation is a voluntary, solvent form of company closure without legal succession. It is a strictly regulated legal and accounting procedure that may be applied if the company is solvent, no winding-up proceedings have been initiated against it, and the members decide to cease operations.
Liquidation is not the same as compulsory winding-up: while winding-up is a forced procedure, liquidation is initiated at the owner’s discretion.
By involving a professional accountant, you can ensure that all required documents are submitted accurately, on time, and in compliance with legal regulations – making the company closure smooth, transparent, and free of unnecessary risks.
An incorrectly, incompletely, or inaccurately conducted procedure may be rejected by the Company Court, resulting in delays, extra costs, and even legal consequences.
The standard liquidation process
Process
The standard liquidation process applies when the company does not meet the conditions for the simplified procedure. During this process, a liquidator must be appointed to oversee and manage each step of the procedure in accordance with legal regulations.
Get in touchDecision on closure
The company’s supreme body decides on the liquidation, appoints the liquidator, and sets the start date.
Notification and publication
The Company Court must be notified, and the decision must be officially published.
Settlement of obligations
Active operations are closed, an activity-closing report is prepared, and the necessary tax returns are filed.
Management of claims and liabilities
Creditors may submit claims, outstanding debts must be settled, and receivables must be collected.
Asset distribution and closure
The liquidator prepares the final report and a proposal for asset distribution, followed by the distribution of any remaining assets.
Company deregistration
Once all documents are submitted, the company is removed from the company register by the court.
Simplified liquidation
faster, if conditions are met
Simplified liquidation allows for a faster company closure if the legal conditions are met. In this case, there is no need to appoint a separate liquidator – the tasks are carried out by the company’s executive officers.
request a quoteWhen can simplified liquidation be applied?
Simplified liquidation is only an option if the company meets the following conditions:
- It has a valid tax number
- It is not subject to a statutory audit
- It is not involved in legal proceedings
- It is not under compulsory strike-off or liquidation
- The company is not insolvent
The company’s executive officers act as liquidators themselves, so there is no need to appoint a separate liquidator. The entire procedure can take up to 150 days, during which all documentation and accounting obligations must be fulfilled.
An important distinction: if a disputed creditor claim or other disqualifying factor arises during the process, the procedure automatically switches to a standard liquidation, which is a longer and more complex process.
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Need help with liquidation?
Get in touch with us
Get in touch with us – we’ll help you navigate the legal requirements, prepare the necessary accounting and tax documents, compile the final report and declarations, and support you throughout the entire process – from the first steps to company deregistration.
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