Liquidation of a joint-stock company (OJSC, CJSC, ZAO, PJSC)

The cost of liquidation of a JSC (joint stock company) includes

• consultations on all issues of liquidation of a JSC;
• preparation of all documents required for the liquidation of a JSC;
• notary services;
• ALL duties, fees, payments, except for fines;
• deregistration in ALL instances;
• our fee

Liquidation of a joint-stock company is one of the ways to terminate business activities. This means a complete cessation of the JSC's activities, its exclusion from the Unified State Register, deregistration with the Social Insurance Fund, the Pension Fund, the tax service, etc. The decision to liquidate a joint-stock company is made by shareholders, property owners or the court.

In general, the procedure for liquidating a joint-stock company is regulated by law, but it still requires support from experienced lawyers, as it is a very complex, time-consuming process that can take years if the liquidator is not skillful.

It is not easy to choose the right way to close a joint-stock company, which will determine the quality of the result. There are a number of factors to consider: the reason and purpose of the company's liquidation, the state of its assets and liabilities, the availability of accounts payable and receivable, etc.

We can offer the following liquidation options:

• in the general order;
• through bankruptcy;
• through sale and purchase;
• through sale to a non-resident.

Liquidation of a JSC in the general procedure, not related to bankruptcy proceedings, is a process in which the supreme governing body of a legal entity decides to liquidate the company and appoint a liquidation commission.

Bankruptcy is a special liquidation procedure that requires a court decision. Liquidation through bankruptcy is one of the legal methods of terminating all debt obligations of a company without repayment to its counterparties and creditors.

The advantages of liquidation through sale and purchase are relatively low cost, absolute legality, absence of inspections by regulatory authorities, and in this case, the presence of accounts payable and other problems is allowed.

The disadvantage of liquidating a company by way of a buyout is that the acquired company is not immediately removed from the Unified State Register. The owners and managers of the company continue to be liable for the activities carried out before re-registration (excluding administrative liability).

 After the liquidation procedure, you receive:

•  an extract from the Unified State Register on exclusion from the register.

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