How to liquidate a company

According to statistics, only one out of ten companies succeed in business. The rest sooner or later cease to be profitable. In order to protect yourself from lifelong surrender of "zero" balances, it is necessary to liquidate the company.

Instruction manual

1

To liquidate a company, notify the authorized state agency of the start of the liquidation process. Today, the Federal Tax Service acts as such a body, which makes entries in the Unified State Register of Legal Entities on the registration, reorganization, and liquidation of firms. To notify the tax service, fill out form No. P15001.

2

Appoint a liquidator (liquidation commission). Also inform the auditors about this action by filling out form No. P15002. From the moment the liquidator is appointed, all powers to manage the company’s activities pass to him.

3

Make sure that the liquidator publishes information about the liquidation in the journal, which is intended for recording data on the registration of legal entities. Also check that the announcement not only indicates the fact of the company’s closure, but also the time period during which lenders can present their claims (the deadline should not be set earlier than two months after publication).

4

Take an inventory of company obligations and assets. Make sure that during this process the liquidator identifies all the creditors of the company and sends them a written notice that the organization will close soon. Also take care of the interests of the owners: the liquidator must strive to obtain receivables by all means.

5

When the deadline has elapsed during which the lenders have had the opportunity to file their claims, draw up an interim liquidation balance sheet that will contain information about the claims made by the lenders with the results of their consideration, as well as data on the composition of the company's property. Fill out form No. P15003 and submit it to the tax office together with the interim liquidation balance sheet.

6

Pay off your debts. If the property of the company is not enough to pay off all the debts, then pay in this order: first to the citizens for whom the company bears harm to life and health, then pay severance pay and debts to employees, then pay the debt to the budget, and after that pay the money to the remaining creditors.

7

Make a liquidation balance sheet and submit it to the tax office along with a statement in form No. P16001 and a receipt for payment of state duty. Make sure that the Federal Tax Service makes a record of liquidation of the company in the register.

note

If after payment to all creditors any funds remain, they must be divided between the founders in proportion to their contributions to the charter capital.

Useful advice

Keep a journal with a record of the liquidation of the company and make a copy in case auditors come to you with a check.