LLC (TOV) Liquidation in Kyiv

Closure of LLC (TOV) – we operate throughout Ukraine

Liquidation of LLC (TOV) is one of the legal forms of termination of an enterprise’s or firm’s activities in Ukraine. Termination of a limited liability company is also possible through reorganization: merger, accession. Express liquidation of LLC (TOV) is the procedure of closing an enterprise by selling and transferring rights and obligations to other legal or natural persons, with a change of director, founder and ultimate beneficial owner.

But whatever the reason, whether it is the founder’s decision or a court decision, the procedure of liquidating an enterprise will require a lot of time, effort and knowledge of the current Ukrainian legislation, as well as experience in carrying out this procedure. In any case, whether the closure of an LLC is carried out with one founder or several, collecting and preparing documents will take a lot of time. In addition, there are many nuances in the liquidation of an enterprise that only liquidators performing this procedure can anticipate, so it is practically impossible to do without the help of specialists in such a matter. The legal company “Nakaz” provides LLC (TOV) liquidation services not only in Kyiv, but also remotely throughout Ukraine. By choosing us, you will receive indispensable legal support and qualified specialists with many years of experience.

Step-by-step instruction for LLC liquidation

For those who want to liquidate an LLC independently, a detailed step-by-step instruction for LLC liquidation is provided below. This procedure is very labor-intensive (20 points) and may take you more than a week or two of your free time.

Liquidation procedure:

Step 1. Decision on the liquidation of the LLC. This decision is made by the majority of the LLC’s founders, the number of votes of whom, according to the charter, will be sufficient to make such a decision. The result of the meeting should be the corresponding protocol, which will highlight the voting results. A liquidation commission is appointed.

Step 2. Announcement of the enterprise’s liquidation. Currently, according to applicable law, the registrar independently posts information about the liquidation online. However, if your charter text was drafted based on older versions of regulatory acts, publication about the closure in the official printed editions of Ukraine may also be required. In addition to mentioning the closure, the announcement must indicate the dates and procedure for filing claims.

Step 3. Repayment of debts to counterparties, creditors, investors, partners, employees, social funds, as well as settlement of arrears to the fiscal service. If the enterprise does not have the necessary funds, the representatives of the liquidation commission must sell all or part of the LLC’s property.

Step 4. Inventory of all enterprise assets.

Step 5. Preparation and approval of the liquidation balance. The balance is subsequently submitted to the state tax authorities.

Step 6. Preparation of the application for termination of the LLC and its subsequent submission to the state registrar. This notification is submitted together with the relevant attached documents evidencing the decision made.

Step 7. Dismissal of the LLC employees.

Step 8. Recovery of accounts receivable from legal and natural persons.

Step 9. Closing the enterprise’s bank accounts. The result of the procedure will be a single remaining account needed to carry out the necessary liquidation activities.

Step 10. Preparation and submission of an application for annulment of the LLC’s registration (form No.3-PDV), as an VAT payer, to the tax authorities (GNSU GFSU). The result of the procedure will be a decision by the state tax authorities on annulment.

Step 11. Inspections by state authorities related to the LLC liquidation. State authorities learn about the LLC closure electronically after your notification to the registrar. Additionally, it is recommended to submit liquidation forms to the tax office for the legal entity.

Step 12. Preparation of the final liquidation balance of the LLC. This document must be approved by each founder of the enterprise, as well as by the members of the liquidation commission.

Step 13. Closing the remaining bank account.

Step 14. Obtaining the results of inspections by state authorities – these are certificates about the absence of debts and obligations and removal from the registers in these bodies (tax office, pension fund, social insurance).

Step 15. Submission of all long-term storage documents to the state archive at the location of the legal entity.

Step 16. Drawing up an act by the liquidation commission.

Step 17. The registrar, based on the submitted documents (certificate from the archive on acceptance of documents for storage and the application for termination), enters a record of the termination (liquidation) of the LLC in the state register.

Documents for LLC liquidation

You will need the following documents for the liquidation of an LLC:

• a decision on liquidation and the establishment of a liquidation commission (appointment of a liquidator), executed in writing (notarized copies and the original);
• a document confirming the fact of submitting the announcement about the LLC closure (if required according to the LLC charter);
• the original of form No.8-OPP (application for LLC liquidation as a taxpayer);
• a power of attorney for carrying out the future liquidation procedure, notarized (in the case you act as the company’s authorized representative).

Timeframes for closing an LLC

In most cases, the timeframes for closing an LLC can vary from one week to several months, considering that obtaining certain certificates and other documents from state authorities can take up to 30 days. In addition, do not forget about inspections carried out by the state tax authorities and funds of Ukraine. This will take at least another four weeks, provided your reporting and taxes are in order. If this is not the case, be prepared that the liquidation timeframe will depend on resolving these issues (submitting missing reports, paying taxes, etc.).

By ordering liquidation services in Kyiv from the company “Nakaz”, you will receive not only the help and support of experienced lawyers, but also be able to complete the closure of the enterprise significantly faster. The timeframe for closing an LLC (TOV) for our specialists starts from 3 months of working time.

Company liquidation services and their cost

Termination of an LLC in Ukraine is a complex procedure, so this service includes:

• consultations and recommendations regarding the upcoming procedure;
• collection and preparation of documents required to carry out the procedure;
• notarization of applications (decisions) on liquidation, as well as other certificates and documents;
• assistance with payment of state fees;
• submission of documents to all state authorities and funds;
• registration of the TOV liquidation with the state registrar;
• obtaining certificates and acts;
• removal of the LLC from the EGRPOU.

The company “Nakaz” provides both turnkey liquidation services, i.e. with legal support until the LLC is completely removed from the EGRPOU, as well as individual legal services from the list above, and express liquidation of TOV in Kyiv. The cost of the service depends on the stage at which the enterprise is at, the type of enterprise, turnover, number of employees, accounting maintenance and other important factors. Therefore, the price is negotiated separately with each of our clients.

You can find out exactly how much LLC liquidation in Kyiv costs, as well as clarify other useful information by phone or directly when contacting the company “Nakaz”.