Dissolution of a limited company, also known as liquidation, requires a mandatory administrative procedure to avoid the risk of later claims from the treasury.
Before a company can be said to have ceased trading, it needs to be struck off, liquidated and dissolved, three steps which need to be carried out by different specialists including lawyers, accountants, tax advisors and where necessary, HR specialists.
Amongst some of the key points to remember when dissolving a company, it is crucial that the company is able to cover its debts and you’ll also need to start a liquidation process. Nor can we forget the taxes that arise as a result of the distribution of assets, something which requires various additional procedures.
Once all the steps have been completed and the procedure is finalised and paid for, a notarized document will be drafted and recorded in the Company Register.
Horus Firm has a team of experts to help with the dissolution of companies. Get in contact with us and we will help you with whatever you need.