Regardless of the reason why the company has reached the point where it will exit the market, the dissolution procedure followed by liquidation must be carried out, whether it is a voluntary or judicial liquidation.
Given the repercussions that this procedure can have on the associates or shareholders and on the company's administrators, calling on specialized consulting services is vital. Simply ceasing the activity and leaving the company at the disposal of the authorities who, in the end, will carry out the steps related to the dissolution and liquidation procedure, will not exempt the associates or the administrators from liability.
Moreover, after the deletion of the company, as a result of the completion of the dissolution and liquidation procedure, various obligations continue to exist for the responsible persons within the company, such as the preservation for a certain period of the company's archives.
A company's exit from the market must be handled as carefully as entry into the market; for this reason, Legal to Business has developed competences in establishing the steps preceding and following the closure of a company, providing consultancy and representation in the related procedures, regardless of whether exiting the market will be done by judicial or voluntary means.