Voluntary liquidation by decision of the owners

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The procedure for voluntary liquidation of a company is a clearly regulated process that allows owners to terminate business activities, paying off all obligations and satisfying the claims of creditors.

This procedure consists of the following stages :

Making a decision to liquidate: the owners hold a meeting and vote for liquidation and draw up minutes of the meeting.
Formation of a liquidation committee: appointment lebanon whatsapp phone number of committee members to conduct an inventory of assets and liabilities. The committee should provide a clear understanding of the financial condition of the company.
Notification of creditors: publication of information about liquidation in the State Registration Bulletin and the Unified Federal Register to warn creditors about the possibility of making claims.
Extinguishing obligations: the liquidation commission must consider all claims presented by creditors and make settlements, satisfying them in order of priority.
Completion of liquidation: after all settlements are completed, an interim liquidation balance is drawn up and the remaining property is transferred to the owners.
Voluntary liquidation is essentially synonymous with simplified liquidation of a business, during which the owners of the company have the opportunity to, at their own discretion, exclude the SME from the Unified State Register of Legal Entities.


Bankruptcy
Liquidation of small businesses and legal entities during bankruptcy is a complex procedure from both a legal and reputational point of view.

The first stage involves assessing the company's assets to determine its liquidation value. The liquidation commission appointed for this purpose must act in the interests of the creditors.

After the assets are sold at auction, the proceeds from the sale are used to pay off the debt. It is important to remember that property worth up to 100 thousand rubles can be sold without an auction, which speeds up the process.

In addition, bankruptcy implies dividing creditors' claims into queues, which often leads to a situation where not all debt obligations can be fulfilled. Judicial control in this process allows avoiding arbitrariness and ensures the protection of the rights of all parties.

Liquidation of a company during bankruptcy is not just a legal formality, but a multi-stage procedure that requires careful monitoring and conflict of interest.

We recommend involving bankruptcy service providers in the analysis of potential risks. It is very difficult to calculate the consequences in this case on your own.