How To Sell A Company With Debt

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How To Sell A Company With Debt
How To Sell A Company With Debt
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The easiest way to liquidate a firm in debt is to sell the firm to new owners. In this case, both the chief accountant and the head of the company change. Thus, all responsibility for the firm and for all financial affairs in it will be borne in the future by the new owners and officials.

How to sell a company with debt
How to sell a company with debt

Instructions

Step 1

Select a candidate for a new founder and head of the company. Prepare all statutory and financial and economic documentation in order to submit it to the tax authorities of your city or district.

Step 2

Pay the state duty in the prescribed amount. At the notary's office, certify the signature of the new CEO on the application for entering the new company into the Unified State Register of Legal Entities (Form P14001)

Step 3

Submit documents for state registration with the Federal Tax Service (you should submit them through the new head of the company). Get documents from the Federal Tax Service. Among the documents:

- extract from the Unified State Register of Legal Entities on the new founder of the organization and on its new General Director;

- certificate of registration of changes in the constituent documents of the organization (address of the company, its contact details and details);

- certificate of registration of changes not related to the constituent documents of the organization.

Step 4

Register a sales contract by submitting the following documents without fail:

- company inventory accounts;

- balance sheet;

- expert opinion, drawn up after checking the firm by an independent auditor;

- a list of all debts with an indication of their size and the timing of their repayment.

Step 5

Prepare an act of acceptance and transfer of all financial and economic documentation of the company. This act must contain both your signature and the signatures of the new owner of the organization, the new chief accountant and other officials (if provided for by the new charter of the organization).

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