Closing a limited company

Last updated: 2 August 2016.

Closing a limited company is a two step process

Notification of dissolution has to be registered first. When the creditor deadline of six weeks has expired, you may send a notification of final closing.

Dissolution

As a rule the general meeting decides a dissolution of the company.

When the decision is made, the general meeting has to elect a liquidation board. The liquidation board replaces the current board of directors and general manager. The general meeting can decide the current board to be the liquidation board.

You have to enclose

  • minutes from the general meeting showing the decision of dissolution and election of the liquidation board

If new members are elected to the liquidation board, they have to sign the form (coordinated register notification) or enclose a statement showing the fact that they have taken on the assignment (declaration of acceptance).

Closing

The general meeting makes the decision of final closing of the company. It can be done after the creditor deadline for 6 weeks has expired.

When the decision is made, the general meeting has to approve the liquidation accounts. All limited companies are required to have the liquidation accounts audited.

You have to enclose

  • minutes from the general meeting which shows the approval of the liquidation accounts.

You report the dissolution and closing of your company by submitting the form coordinated register notification. You will find it to your right on this webpage under Useful links.