Liquidation sro

The company ceases to exist on the day it is deleted from the commercial register, unless the law provides otherwise.

The dissolution of the company is preceded by its dissolution with or without liquidation. The company is dissolved without liquidation, if all its assets have been transferred to a legal successor, or after its liquidation, the court has not made an advance payment for the payment of the liquidator's remuneration and expenses in the amount established by a special regulation.

The company is being dissolved

a) by the expiration of the time for which it was established,
b ) from the date specified in the decision of the partners or the competent body of the company on the dissolution of the company and on the appointment of a liquidator, otherwise from the date when this decision was adopted.

The company is also being dissolved

a) the validity of the court's decision on the invalidity of the company,
b) from the date specified in the court decision on the dissolution of the company, otherwise from the day when this decision becomes final,
c) termination of bankruptcy proceedings due to lack of assets or termination of bankruptcy, except for cancellation of bankruptcy because there are no prerequisites for bankruptcy, or
d) for another reason, if so provided by the Commercial Code or a special law.

The liquidation of the company is a time-consuming process aimed at satisfying the claims of creditors and other persons entitled to the liquidation balance. It is therefore a process of settlement of the company's assets and liabilities before its very demise and deletion from the Commercial Register.

The condition for liquidation of the company is sufficient assets to settle all the company's obligations in full. The company is liquidated by the liquidator. The company enters into liquidation only by registering the liquidator in the commercial register, unless a special law provides otherwise. Before registering the liquidator in the commercial register, the company is obliged to deposit with the notary an advance payment for liquidation in the amount of EUR 1500. The liquidation of the company can be terminated no earlier than six months after the announcement of the company's entry into liquidation. Liquidation, as mentioned above, is a complex professional procedure. It contains accounting, tax and legal aspects, the omission of which can ruin the whole process.

We will suggest the best solution to liquidate your company.

Liquidation under our management mainly includes the following actions:

- Assessment of the possibility of liquidation
- Preparation of documents for the dissolution of the company and entry into liquidation
- Submission of proposals to the Commercial Register
- Statutory notices in the Commercial Gazette

The process in a nutshell

1. Request for documents
   At the beginning of our cooperation, we will ask you for documents on the state of the liquidated company.
2. Examination of the state of the company
   The state of the company is assessed on the basis of accounting. Decisive factors when designing a solution to terminate your business are the amount of the company's liabilities and receivables, the company's assets, economic results, VAT registration and the like.
3. A tailor-made solution
   The result of the examination of the state of your company is the determination of whether the company is suitable for liquidation or requires the initiation of bankruptcy proceedings.
4. Liquidation process
   We will prepare all the necessary documents in the proceedings, we will ensure communication with the notary regarding notarial custody, we will appoint a liquidator, we will communicate with the Commercial Gazette and the Commercial Register, we will provide legal and accounting documents.
5. Deletion from the Commercial Register
   Deletion from the Commercial Register ends the liquidation process and the life of your company. Your business is thus legally and accounting completely closed.

In case of dissolution of the company by merger, merger, division, the company is dissolved without liquidation , as all its assets are transferred to the legal successor. It is required that the company, which will be dissolved without liquidation, be in the so-called good condition.

In general, only companies can participate in the merger or division process:

- which are not in liquidation,
- against whom the effects of the declaration of bankruptcy cannot apply, unless the trustee in bankruptcy agrees to the merger, merger or division of the company,
- against whom the effects of the initiation of restructuring proceedings or the authorization of restructuring cannot apply,
- against which proceedings for their cancellation cannot be conducted and they cannot be canceled by a court or on the basis of a court decision.

Merger is a procedure in which, on the basis of dissolution without liquidation, one or more companies are dissolved , while the assets of the liquidating companies are transferred to another already existing company , which thus becomes the legal successor of the liquidating companies.

A merger is a procedure in which, on the basis of dissolution without liquidation, the dissolution of two or more companies takes place , while the assets of the defunct companies are transferred to another newly founded company , which becomes the legal successor of the defunct companies.

The division of a company is a procedure in which, on the basis of dissolution without liquidation, the company ceases to exist, while the assets of the liquidating company are transferred to other already existing companies , which thereby become the legal successors of the liquidating company (hereinafter referred to as "division of the company by merger"), or to newly established companies , which upon their creation become the legal successors of the defunct companies.