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| Service | Price |
| Liquidation | from 100 USD |
| Liquidation (Express) | from 250 USD |
A subsidiary is a special type of legal entity that is created, conducts its activities and is liquidated by the decision of another company (“parent”), which is the principal in relation to it.
However, not all legal entities can become subsidiaries, only certain types:
- limited liability company;
- additional liability company;
- joint-stock company.
It should be noted that the legislation determines the existence of dependency when 20 or more percent of the authorized capital or shares have been transferred to another business company.
In relations of dependency, subsidiaries are considered a convenient and successful form for entrepreneurship. But modern economic problems, such as the shift of business into the shadow economy, tax “harassment” force legal entities to cease to exist.
Liquidation is one of the forms of termination of a subsidiary. It is possible in two cases:
- by voluntary decision;
- by court decision.
Since voluntary liquidation of a subsidiary is more common, we will consider it in more detail.
Decision on termination
The procedure of liquidating a subsidiary begins with this. This decision is made by the owner of the company. To do this, a meeting of the highest authority is held – the general meeting of members (shareholders), at which the corresponding decision is documented.
The registration authority must be notified of the decision to liquidate the subsidiary within three working days. The state registrar enters a special record into the Unified State Register (EGR). After that, a notice of liquidation must be published on the official website of the central executive authority.
Liquidation commission
In the process of terminating any legal entity, including a subsidiary, a liquidation commission is created. By the way, its functions can be assumed by the executive body. The commission has a wide range of powers, which include, in particular:
- calling in all debts in favor of the subsidiary;
- closure of bank accounts;
- inventory of assets;
- dismissal of employees;
- returning licenses, seals and stamps to the respective government authorities;
- providing documents to pension authorities and social insurance bodies for inspections;
- preparation of liquidation balances;
- transfer of documents to the archive;
- submission of the package of documents to the registration authority.
State registration
The final stage of liquidating a subsidiary is state registration, i.e., entering a record into the Unified State Register about the termination of the subsidiary.
Subsidiary liquidation services from Legal entity “Nakaz”
Liquidation of a legal entity takes a lot of time and effort, and incorrectly prepared documents delay the process indefinitely.
By turning to professionals, you will save your time on preparing documentation and your nerves when dealing with civil servants. Lawyers carry out turnkey liquidation or express liquidation, will help you go through the entire procedure quickly and “painlessly”, and will also answer all your questions.
To order the service you need to:
- send us by email information concerning the company;
- personal presence at a notary to provide a power of attorney.
Legislation:
Law of Ukraine “On State Registration of Legal Entities and Individual Entrepreneurs” dated 15.05.2003 No. 755-IV.