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Closing down your company

When you want to close down your company voluntarily and end all its operations, you must dissolve it. If you have a limited liability company, you must dissolve it through liquidation proceedings. A general partnership or a limited partnership can be dissolved by a joint agreement between the partners or, if there is no agreement, through liquidation proceedings. No official proceedings are required for closing down the operations of a private entrepreneur.

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Dissolution of a limited liability company

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

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.

Terminating a business name

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