What to do with the authorized capital after the liquidation of ooo

After the liquidation of the LLC, the authorized capital is distributed between its participants upon completion of settlements with creditors. If other property of the company is not enough to pay off debts, then the authorized capital is allocated to fulfill obligations.

The authorized capital of any limited liability company is a necessary asset that guarantees the fulfillment of obligations to creditors. Upon the liquidation of an LLC, the fate of this money or property is decided by a liquidation commission, that is, a special body that implements the necessary procedures when the company ceases to exist. The legislation allows two possible options for disposing of the organization’s authorized capital: directing it to fulfill obligations to the creditors of the company or distribution among the participants. The choice of a specific method depends on the balance sheet of the company during its liquidation, the availability of sufficient assets to independently repay all claims of contractors, other creditors.

When the authorized capital goes to pay off debts

After making a decision on the liquidation of the LLC, a special body is created, called the liquidation commission. It is this commission that has the authority to resolve all issues related to the property and authorized capital of the company. After summing up the activity, fixing all the obligations of the company at the time of termination of activity, settlements with creditors are carried out. If the profit of the company, other assets belonging to it, including property, is not enough to satisfy all reasonable requirements, then the funds or property constituting the authorized capital are also used for settlements with partners of the company being liquidated.