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Messenger Closing of a company branch
A branch is a separate subdivision of an enterprise that has a number of characteristics:
- operates on the basis of the Regulations;
- is not a legal entity;
- is endowed with the company’s assets;
- has its own management.
Consultation
| Service | Price |
| Liquidation | from 100 USD |
| Liquidation (express) | from 250 USD |
The company that created the branch grants it certain powers. We strongly recommend specifying in the founding document of the legal entity all the details of establishing the subdivision, carrying out its activities and its liquidation, and also indicating this in the Regulations.
A branch helps a company expand its activities without being territorially limited and is ideal for those who are developing rapidly. However, opening a subdivision requires considerable moral and material effort.
More and more companies are aiming to close branches every day. The reasons vary:
- unprofitability due to an unfavorably chosen location;
- high costs of further maintenance.
The liquidation of a branch takes a certain amount of time and requires efforts from the company that owns the separate subdivision. Moreover, the procedure for liquidating a branch involves not only making a decision within the company but also performing a number of sequential actions: updating information in the EGR, deregistration with the fiscal service, and so on.
The order of closing a branch follows a strict sequence:
- the highest body of the legal entity convenes a general meeting of participants (shareholders) at which the issue of liquidation is decided;
- preparing a package of documents for the state registrar, who enters the relevant information about the liquidation into the EGR database.
Please note that the law defines the general procedure, but in each specific case there are nuances; for example, closing a branch of an LLC differs from the same procedure in a joint-stock company.
Branch liquidation services from the legal entity “Nakaz”
Practice shows that the liquidation of a subdivision of a legal entity is, in any case, a matter for specialists who will deal with it promptly. Real professionals will also not leave you indifferent, as they will do their work quickly and efficiently. Our lawyers are well versed in the procedure and have extensive experience in conducting and formalizing liquidations; you will not doubt the correctness of the submitted documents or worry about whether you need to notify the pension fund or the statistical authorities. We will handle the entire process turnkey, and you will save your nerves and time.
To order the service you need to:
- send us by email the documents confirming the existence of the legal entity: certificate (extract), founding document, Regulations and some others;
- direct participation at a notary to grant us powers – signing a power of attorney.
Legislation:
Law of Ukraine “On Economic Companies” dated 19.09.1991 No.1576-XII;
Law of Ukraine “On State Registration of Legal Entities and Individual Entrepreneurs” dated 15.05.2003 No. 755-IV.