Company liquidation in Russia

In practice, the initiation of liquidation proceedings means that the company will be subject to audit by the tax authorities and that its management will need to reach settlement agreements with creditors for the payment of all existing debts, even if the company’s own assets are insufficient for this purpose. The liquidation of a company is a multi-step process that involves the following steps:

• verification of the company’s documents;
• assessment of the company’s financial position (with the participation of representatives of the bank servicing it);
• verification of the company’s payment of taxes and contributions, as well as of the accounts filed by the company in previous periods;
• commencement of the liquidation procedure, i.e. preparation of such necessary documents as the shareholders’ resolution on liquidation of the company and appointment of the liquidator (chairman of the liquidation commission), relevant powers of attorney and forms required by the state tax authorities (all documents are prepared in Russian and foreign languages);
• submission of documents to the registration authorities
• replacement of signature cards and all digital keys;
• publication of a notice of the commencement of liquidation in the State Registration Bulletin;
• Passing inspections organized by tax authorities and non-budgetary funds;
• preparation of the 2nd and 3rd sets of liquidation documents with interim and final liquidation balance sheet within 2 months after the official publication of the notification on the beginning of liquidation;
• closing of bank accounts;
• transfer to shareholders or participants of funds remaining on the bank accounts of the organization;
• transfer of relevant documents to the State Archive.

We provide services at all stages of the company liquidation procedure.

We provide a full range of services to carry out the liquidation of the company and are ready to act on your behalf and in your interests at all stages of this procedure, from their beginning to full completion, including the official registration as a liquidator (chairman of the liquidation committee) of your company in the Unified State Register of Legal Entities.

And while our lawyers will prepare corporate and personnel documentation, fill in mandatory forms and negotiate with representatives of state authorities and company personnel, accountants will be engaged in finalizing accounting operations, closing transaction passports in the currency control departments of banks and drawing up the interim and final liquidation balance sheet of the company.