Company liquidation services

Company liquidation services is a crucial legal process that allows businesses to legally cease operations and avoid risks after termination. The liquidation process requires not only a thorough understanding of the law but also precision in each step. This article will help you understand the steps involved in liquidation, the conditions for implementation, and the benefits of using Long Phan Consulting Company’s liquidation services.

Understanding the Regulations on Company Liquidation

Before introducing Long Phan Consulting Company’s services, this section provides an overview of company liquidation under the law.

What is Company Liquidation?

Company liquidation is the legal process of terminating a company’s business operations at the request of shareholders or owners. When a company is no longer operating or does not meet the necessary legal requirements, liquidation is a necessary step to terminate the company’s obligations to the state and related parties.

Through liquidation, businesses can avoid unwanted legal and financial risks. This process requires adherence to clear and precise procedures according to the Law on Enterprises 2020. Liquidation can occur voluntarily or be mandatory, depending on the company’s operational situation. However, the liquidation process is not simple and must be carried out carefully, ensuring that the company has no outstanding debts or unfulfilled financial obligations.

Conditions for Conducting Liquidation

To proceed with liquidation, a company must ensure that it has no outstanding financial obligations and is not involved in any disputes. According to Article 207 of the Law on Enterprises 2020, a company can be liquidated in the following cases:

• Expiration of the operating period without extension.
• A decision to dissolve the company by the business owner or company members.
• The company no longer has the required minimum number of members for six consecutive months.
• Revocation of the Business Registration Certificate.

The liquidation process can only be carried out after the company has paid off all debts and asset obligations and has no legal disputes. This process requires the full implementation of administrative procedures and reporting to the competent state authorities.

Important Notes When Carrying Out Company Liquidation

When carrying out liquidation, businesses should pay attention to the following issues:

• Debt Settlement: The company must pay off all tax debts, social insurance, and other financial obligations before proceeding with liquidation.
• Liquidation of Branches and Representative Offices: The company must liquidate all dependent units (branches, representative offices, business locations) before completing the official liquidation procedures.
• Public Announcement of Liquidation: After completing the liquidation procedures, the company must make a public announcement at its headquarters and dependent units (if any).
• Notification to Business Registration Authority: The company must send a notice of liquidation to the Business Registration Office within 7 working days after the dissolution decision is approved.
• Cancellation of Seal and Tax Code: The company needs to carry out procedures to cancel the seal at the police agency and deactivate the tax code at the tax agency.
• Ensure Complete Documentation: Related documents such as business licenses, seals, financial reports, and debt certificates must be collected and completed according to regulations.
• Fulfill Financial Obligations to the State: The company must ensure that it has fulfilled its tax obligations and other debts to state agencies before liquidation.

Long Phan Consulting Company’s Company Liquidation and Consulting Services

As part of our business registration consulting services, Long Phan Consulting Company provides comprehensive company liquidation services, from legal advice to completing liquidation procedures. We help clients ensure legal compliance and prepare documents for submission to competent state authorities. Specifically, our services include:

• Consulting on regulations and conditions necessary to carry out company liquidation according to the correct procedures.
• Drafting dissolution decisions, meeting minutes, and other necessary documents for submission to state authorities.
• Advisory support on settling tax debts, social insurance, and other financial obligations before liquidation.
• Guiding businesses in completing tax finalization procedures and handling tax-related issues during liquidation.
• Carrying out procedures for submitting documents, reporting, and handling matters with competent state authorities (Department of Planning and Investment, tax authorities, police agencies).
• Providing solutions for dispute resolution, handling outstanding debts, and other obligations related to the business.
• Guiding and carrying out procedures to cancel the company seal and deactivate the tax code at the tax authority.
• Carrying out procedures to publish liquidation information on the National Information Portal and related agencies.
• Supporting procedures for liquidating branches, representative offices, and dependent units of the company.

Benefits of Using Long Phan Consulting Company’s Company Liquidation Services

When you use Long Phan Consulting Company’s company liquidation services, you will enjoy the following benefits:

• Save Time and Costs: Long Phan Consulting Company helps you carry out liquidation quickly, minimizing the costs and time required for legal procedures.
• Ensure Legal Compliance: Our services help businesses fully and accurately implement liquidation procedures, avoiding legal risks.
• Comprehensive Support in Handling Financial Obligations: Long Phan Consulting Company supports the completion of tax finalization procedures, handling debts, and other financial obligations of the business.
• In-depth Legal Advice: We provide legal advice to help you clearly understand the regulations and conditions necessary for company liquidation.
• Representation in Dealing with State Authorities: Long Phan Consulting Company represents you in working with competent state authorities such as the Department of Planning and Investment, tax authorities, and police agencies.
• Minimize Dispute Risks: Long Phan Consulting Company helps resolve disputes and outstanding debts during the liquidation process.

How to Contact Long Phan Consulting Company for Company Liquidation Services

To best meet client needs, we provide various contact methods for convenient consultation and requests for company liquidation services.

Customers can contact us through the following channels for a completely FREE initial consultation or to request our services:

• Consultation Hotline: +84 906.735.386
• Zalo Q&A: +84 906.735.386 – Long Phan
• Fanpage: Long Phan Investment Consulting and Legal Services Co., Ltd. 
• Office Address: TM7 Commercial Lot, Lavita Garden Apartment, 17 Street No. 3, Truong Tho Ward, Thu Duc City, Ho Chi Minh City

Frequently Asked Questions about Long Phan Consulting Company’s Company Liquidation Services

Here are some frequently asked questions about our company liquidation services:

• Does a company need to conduct an audit before liquidation?

In some cases, an audit may be necessary, especially if the company has complex financial obligations or at the request of the tax authority.

• If a company still has tax debts, can it proceed with liquidation?

No, the company must fulfill all tax obligations before proceeding with liquidation.

• Can a company be liquidated while having a dispute with a partner?

In principle, no. One of the conditions for company liquidation is that there are no disputes in court or arbitration.

• After liquidation, can the company resume operations?

After completing the liquidation procedures, the company cannot operate again under the old legal entity. If it wants to operate, it needs to establish a new company.

• What documents are required for the company liquidation dossier?

The company liquidation dossier includes: Dissolution decision, meeting minutes, notice of liquidation, confirmation of fulfillment of tax obligations, and other related documents.

• Can a company carry out the liquidation procedures itself without consulting services?

A company can do it themselves, but using consulting services will help ensure accuracy and minimize legal risks.

• What legal risks may arise if the liquidation process is not carried out correctly?

Possible risks if not followed the liquidation process: administrative fines, tax issues, unresolved debts.

• After liquidation, is the legal representative of the old company responsible for old debts?

If the debts have been handled properly according to legal regulations during the liquidation process, the representative is not responsible. If the liquidation is done incorrectly, the representative is still responsible according to the law.

Conclusion

Company liquidation is an important process that requires accuracy and compliance with legal regulations. With Long Phan Consulting Company’s company liquidation services, you will receive dedicated support, helping you save time and costs. If you need advice or assistance with company liquidation, please call our hotline at +84 906.735.386 to receive an effective solution from Long Phan Consulting Company.