We assist with:
- reporting the liquidation,
preparation of necessary documentation
- conduct of required actions (such as finalizing the ongoing, undertakings),
- applying for removal of the entity from the register.
Both companies and partnerships (hereinafter jointly referred to as “companies”) may be subject to liquidation. The main goals of this process are to terminate the operation of the company, finalize its ongoing undertakings and also monetize the company’s assets. The provisions on liquidation of companies and partnerships are stipulated in the Commercial Partnerships and Companies Code.
The process of liquidation of a company is compulsory, sustaining its legal personality until its removal from the register. However, the liquidation of partnerships is set forth quite otherwise. Namely, the liquidation process is merely optional. This means that one can simply remove the partnership from the register without initiating the formal process. It is worth keeping in mind, however, that limited joint-stock partnerships are an exception in this respect. They are subject to the same formal procedures of liquidation as joint-stock companies.
For each of the above situations, several issues are very important in the entire process of forming a business in Poland.