Liquidation of a budgetary organization

A budgetary institution is a public authority, local government, and legal entities that are fully funded by the state or local budgets.

In legal practice, liquidation of a budgetary organization is extremely rare. The procedure for the termination of an enterprise in Ukraine is regulated by law and has a number of peculiarities.

Most often, the basis for the liquidation of a budgetary organization in Ukraine is a decision of the competent state body - the Cabinet of Ministers, local government body, which is in charge of the organization.

Most non-profit, budgetary institutions are independent legal entities, so the termination of their activities may be expressed in:

• reorganization;
• liquidation.

Such a procedure requires qualified legal assistance. Professional services in Kyiv are provided by specialists of the company "Regservice". 

The procedure for liquidation of an enterprise (branch of a budgetary organization)

The termination of a non-profit organization is carried out in stages, in accordance with the law:

1. Adoption of a decision by the founder.
2. Issuance of the relevant order.
3. Sending a notification to the state registrar about the intention to liquidate the organization and the beginning of the relevant procedure.
4. Establishment of a liquidation commission.
5. Publication of the notice in the media.
6. Sending notifications to creditors.
7. Preparation of an interim liquidation balance sheet.
8. Carrying out an inventory of property.
9. Settlement of liabilities.
10. Dismissal of employees.
11. Deregistration of the organization with the competent regulatory authorities - the Department of Statistics, the Pension Fund, the Social Insurance Fund,
12. and the Tax Service.
13. Closing bank and treasury accounts.
14. Preparation of the final liquidation balance sheet and its approval.
15. Entering information into the Unified State Register.

It is quite difficult to understand all the legal intricacies without the help of legal experts. We recommend contacting the company "Registration Service".

Our lawyers provide comprehensive legal support for the reorganization or termination of business activities on a turnkey basis. We offer affordable prices and high quality services.

Despite the existing peculiarities and difficulties that arise when closing a non-profit institution financed from the budget, we are ready to help you. We will find a suitable solution for each client and try to complete the task in the shortest possible time.

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