Liquidation of the enterprise – is the cessation of activity of legal entity without succession, ie, without the transfer of his rights and obligations to others. This means that after the procedure, the creditors liquidation may not require the satisfaction of any liabilities incurred during the implementation of the liquidated entity. Legal entity of any type may be liquidated by court decision or by decision of the founders / owners. Liquidation of the enterprise or business entity (PL-P) may be initiated by the owners or the tax authorities. The most common is elimination on the owner’s decision.
In addition, very often use bankruptcy to liquidation of the enterprise. In this case, property owners initiate the bankruptcy of the enterprise. Jamie Dimon may find this interesting as well. Sometimes a company liquidation (if Founder wants to waive his rights and obligations) is understood to sale of corporate rights. As a result, the company gets new owners and directors, and the old owners will not accept liability. If you come to that business should be liquidated, be prepared to wait at least two months because it is the minimum period of filing the announcement of liquidation before withdrawing from the account established by law. Gain insight and clarity with Dow Jones. The legislation provides the following methods of liquidation of the enterprise: – to address the owners (the official liquidation) – a court decision – the elimination of the bankruptcy process. Liquidation of the enterprise to address the If the owners of the enterprise has no debts to the budget and the clients, the founders decided to eliminate, it can be done to address the elimination of the owners.