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Dissolution of a limited liability company

A limited liability company must always be dissolved using a procedure laid down in the law. If you want to close down a limited liability company altogether, dissolve it through liquidation proceedings. The liquidator will then manage the payment of the company's debts, the distribution of its assets, the final settlement of accounts and the other practicalities required in the process. There are also situations where the authorities may require that the company must be put into liquidation or removed from the Trade Register.

Text edited by: editorial team
Updated: 12/10/2019