18 SEP Dissolution or liquidation of companies?
It should be noted that there is the possibility of initially only dissolving the company, and then opening the liquidation process waiting to be able to make all debts and have social. This step will be subject to a specific term, and in any case the company will not be considered totally extinguished and therefore will not disappear from legal traffic until it is dissolved and liquidated.
In case of opting for the option of dissolution and liquidation, the interest in the future continuity of the company or its disappearance must be addressed, and the viability of the company must be assessed, taking into account the requirements that must be given to agree the dissolution and liquidation, especially those related to the non-existence of debts of any kind by society.
Audit Company Liquidation Services:
Youssry Auditing is a legal firm that provides legal services for the liquidation of companies in crisis and that enter into a phase of dissolution and liquidation from our headquarters in Dubai.
The company liquidation in Dubai managed and processed by a commercial lawyer of our firm, who will attend the circumstances and problems of the companies, either in person or if you prefer by our online service platform.
The public limited company and the limited company have experienced in the last decade, mainly, important changes not only in their economic aspect but also in their legal aspect. The one and the other are related, and any movement of one implies an effect on the other, and an inefficient company liquidation can have an impact on the personal assets of the administrator or the liquidator.
Do the administrators and liquidators of the companies know the responsibility in the exercise of their position? What are the causes of dissolution of a limited or limited company? What are the powers and functions of the liquidators? What operations are carried out in a liquidation? What to do with the liquidated goods? In what situation are the partners and the organs of the company in the liquidation phase? What is social credit? When does it proceed, and what to do, in the reopening of society?
Youssary Auditing has the best knowledge of all the above mentioned problems and instruments for the liquidation of companies in our offices, demanding the greatest efforts and maximum dedication. They know how complicated it is for companies, their partners, administrators, and liquidators, to enter the phase of liquidating a company, and the difficulties of liquidation operations.
Conclusions
In the end you have to know what you want to do with the company. If you plan to activate it again in a while it is interesting to keep it. If you are not going to need it for anything else you should not keep it. The best advice for this last case is to carry out the dissolution and liquidation of your company.
It is always a good idea to go to a professional to help you make the decision that can benefit you most to avoid problems in the future.