How to liquidate a branch

Responsible for the liquidation of the branch is the sole responsibility of the parent company. It is much more difficult and time-consuming to close a branch listed in the Charter than a branch that is not registered in the charter documents, since it brings with it a change in the charter policy of the organization.

Instruction manual

1

Approve the decision to liquidate the branch at the meeting of the founders. For statutory documents, see the exact designation of the liquidation of the unit: closure or liquidation.

2

Submit an application to the Inspectorate of the Ministry of Taxes and Levies (IMNS) within 3 days after the convening of the meeting of the founders. If more time has passed, redo the protocol again.

3

In the IMNS, where the branch was registered, take the application form for the liquidation of the branch, as well as a workaround.

4

Be sure to check all the financial statements for the last 3 years of the branch with an independent audit organization. Check the branch tax deductions - everything should be in order. These acts will be required later.

5

Make changes regarding the liquidation of the branch in the statutory documents. Take the power of attorney of the general director of the branch for liquidation work.

6

With a package of documents, go to IMNS, where the branch was previously registered. IMNS appoints the arrival time of field and desk checks. As soon as the inspection from the Inspectorate for Inspection of Departments is completed, the representatives of the inspection sign a by-pass sheet and issue an opinion on the liquidation of the branch.

7

With the notification of closure received and the amended Charter, you need to come to the tax office where the parent company itself is registered. In the tax you receive a certificate of amendment to the register. At this time, the tax legal entity submits a request to transfer the unit’s case from its tax office.

8

All property initially available on the balance sheet of the branch, as well as property acquired by the branch in the course of its activities, is transferred completely to the parent company.

note

Be prepared for the fact that the work to close the branch can last about a year.

Useful advice

Before closing the branch, make sure that there are no debts behind the structure.

decision on the liquidation of branches in 2018