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Closing down your company

If you want to close down your company voluntarily, you usually need to dissolve it:

  • No official procedures are required if you want to terminate your private trader business.
  • A general partnership or a limited partnership can be dissolved by an agreement between the partners or through liquidation proceedings if there is no unanimity between the partners.
  • A limited liability company may only be dissolved by means of a liquidation procedure.
  • A general partnership, limited partnership and cooperative may also be put into liquidation before the company is dissolved.

If you simply do not want to continue running your business, selling your company can be a good option. Even if your company is experiencing severe financial difficulties or a risk of bankruptcy, it may be possible to sell it. More information about selling your company

See contents related to the topic:

Suspending business activities

If you are planning to resume your business activity at a later date, consider suspending your business instead of closing it down.

Checklist for closing down a business

When you close down your business, manage your official obligations and take care of necessary practical matters.

Closing down a private trader company

When closing down your private entrepreneur operations, end the business, pay all debts, give up the assets and make the termination notification.

Dissolving a general partnership or a limited partnership

A general partnership or a limited partnership can be dissolved by unanimous agreement. Otherwise the partnership may be put into liquidation.

Dissolving a limited liability company

A limited liability company must be dissolved using statutory proceedings. If you close down a company voluntarily, use liquidation proceedings.

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