Cessation of business operations

What are the kinds of things that should be considered when ceasing business operations? What different options are there for ceasing operations? EMU helps you to make the process smooth.

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Cessation of business operations

Controlled measures and a smooth cessation process

The competent and experienced team of our accounting company knows the legal requirements and the minutiae of the cessation process. With the help of our experts, the entire cessation process will be clear and orderly. We make sure that the paperwork and obligations are handled appropriately and in a timely manner.

The limited liability company can either be dissolved by way of bankruptcy proceedings or voluntary liquidation proceedings. When a limited liability company wants to voluntarily dissolve itself, the company will enter liquidation proceedings. The purpose of the liquidation is to assess how much assets and potential creditors the company has and to liquidate the assets. Dissolving the company by way of liquidation is a multi-step process that takes several months. The process starts with entering liquidation and the selection of a liquidator, ending with the final settlements, asset-sharing and the dissolving of the company. 

EMU’s legal experts will take care of the dissolution of your company together with our financial experts from start to finish. With an easier cessation process, you will have less stress and uncertainty both amongst the owners and possible employees of the company.

We will also help you look at different cessation situations, whether it concerns a bankruptcy, transfer to the next generation, corporate acquisition, merger or liquidation.

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Cessation of business operations with the help of an accounting company
  • Preliminary survey

    Preliminary survey

  • Setting of goals and planning

    Setting of goals and planning

  • Collecting information and drafting documents

    Collecting information and drafting documents

  • Entering liquidation proceedings

    Entering liquidation proceedings

  • Collecting signatures

    Collecting signatures

  • Applying for public summons

    Applying for public summons

  • Preparation of PRH notifications

    Preparation of PRH notifications

  • Reporting potential unknown creditor receivables to the liquidator

    Reporting potential unknown creditor receivables to the liquidator

  • Preparation of the liquidator’s report

    Preparation of the liquidator’s report

  • Preparation of the final settlements and the asset-sharing list

    Preparation of the final settlements and the asset-sharing list

  • Notification of dissolution and submitting the final settlements to PRH

    Notification of dissolution and submitting the final settlements to PRH

  • Guidance regarding the liquidation proceedings

    Guidance regarding the liquidation proceedings

See also:

Legal Services Tax Services Family Office
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Chat with an expert
Fredrik Widenäs

+358 40 738 7209
fredrik.widenas@emu.fi

How can I help you with the cessation of your business operations?

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