Liquidation of a Business Entity

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Liquidation of a Business Entity

Liquidation is a legally regulated process for the dissolution of a company—from the shareholders’ decision, through the commencement of liquidation, the settlement of obligations to creditors, and the termination of contractual relationships, to the company’s removal from the commercial register. Since the amendment to the Commercial Code, a mandatory advance payment of €1,500 toward the liquidator’s fee must be deposited with a notary, and the minimum statutory duration of liquidation is 6 months.

On demand
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The price is listed excluding VAT and may be increased depending on the scope of work performed.

Decision-Making Guidance

We will help you choose the most appropriate way to wind down your business—we will consider liquidation, merger, or sale of the company based on your specific situation.

Commencement of Liquidation

We will prepare a resolution by the shareholders or the general meeting regarding the dissolution of the company and the appointment of a liquidator—who must be appointed no later than 60 days after the dissolution resolution is adopted; otherwise, the court will appoint the liquidator.

Notarial Escrow for Advance Paymentsu

We will arrange for an advance payment of €1,500 toward the liquidator’s compensation and expenses to be deposited in a notary’s escrow account—without this advance payment, the liquidator cannot be registered in the Commercial Register.

Disclosure and Synergy

We will arrange for the publication of a notice inviting creditors to file their claims in the Commercial Gazette and will assist with the termination of contractual relationships and the settlement of tax obligations.

Final Phase of Liquidation

We will prepare the financial statements, the final report on the liquidation process, and a proposal for the distribution of the liquidation surplus, and we will file a petition to remove the company from the Commercial Register—at the earliest, after the statutory 6-month period following the commencement of liquidation has elapsed.

Our goal is to benefit the client

Choosing the right and reliable advisor is always a great help in improving yourself. Above all, consulting in the field of law is extremely broad-spectrum and affects almost all areas of the life of entrepreneurs and individuals, therefore the choice of a legal advisor is extremely important. In the law office Hronček & Partners, s. r. o. we pay attention to professionalism and high quality legal services with an individual approach. Our main goal is to provide legal services of the highest quality and to bring innovative and professional solutions for the client so that we become their trusted partner.

Hronček & Partners, s. r. o.
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Other Services in the Category: Dissolution, Termination, and Reorganization of Companies

Transformations of Business Entities (Merger / Consolidation / Division)

On demand
The price is listed excluding VAT and may be increased depending on the scope of work performed.
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Transformations allow for the dissolution of one or more companies without liquidation—their assets are transferred to the successor company. We cover mergers, consolidations, divisions, and cross-border transformations.

Dissolution of a Company by a Court (ex officio)

On demand
The price is listed excluding VAT and may be increased depending on the scope of work performed.
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We can advise you if your company is facing the threat of dissolution by a court, represent you in the proceedings, and help you remedy the situation that led to the threat of dissolution.

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