How To Close A CJSC

Table of contents:

How To Close A CJSC
How To Close A CJSC

Video: How To Close A CJSC

Video: How To Close A CJSC
Video: How to Close a UK Limited Company 2024, March
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There are a large number of different reasons that can force the owner of the company to cease its activities sooner or later: a tax audit, which can indicate violations of the company; unprofitable business; identified debt to the budget; filed lawsuits of creditors against the enterprise; court decisions on debt collection from the company; insoluble dispute between the founders of the company.

How to close a CJSC
How to close a CJSC

Instructions

Step 1

The main methods for the voluntary closure of a CJSC are: alternative liquidation, official liquidation, reorganization in the form of a merger of companies, and the closure of a CJSC by selling the company with a change in management.

Step 2

In case of official liquidation, the company is removed from the state register, all constituent documents are canceled, a full check is carried out by the tax inspectorate, as well as state extra-budgetary funds, seals are destroyed, documents are filed for permanent storage in the state archives.

Step 3

Liquidation of a CJSC by way of reorganization (merger or acquisition) is carried out by merging with another company, or by joining it. In this case, all obligations, as well as the rights of the liquidated company are transferred to another legal entity. Such a procedure is considered completed from the time this entry is made in the unified state register for legal entities. As soon as the liquidation of the CJSC is made, the director of the company automatically relinquishes all his powers and, according to the act of acceptance and transfer, transfers all the documentation of this company to the director of the successor enterprise.

Step 4

Termination of an enterprise through sale is the fastest and relatively inexpensive liquidation option. After the completion of this form of liquidation, the legal entity itself still continues to exist, and even be registered with the tax inspectorate, but all responsibility for the company's activities rests with the new CEO of the company and new participants.

Step 5

There are three options for liquidating a CJSC through sale: through an increase in the authorized capital, through notarization and through an increase in the authorized capital simultaneously with the change of the general director and re-registration. All these three options lead to the same result, but differ in terms, procedure and price.

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