How can you avoid the consequences of forced liquidation of the organization and..?

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...keep her assets or transfer them to another legal entity?

08.06.2023 11:23 583

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Photo of lorina200215 Lorina Fedan

Liquidation is one of the forms of termination of a legal entity. The liquidation of legal entities is carried out without the transfer of the rights and obligations of the liquidated enterprise to other persons, that is, without legal succession. Upon liquidation of the enterprise, its rights and obligations are terminated.

Valuation of the assets of the liquidating enterprise mainly consists in reducing the value of the assets to the value of their possible realization and recognizing additional liabilities (for example, it may be severance pay for employees) or reducing the provision for reimbursement of future expenses (for example, for the payment of employee vacations), which arise in the enterprise in connection with the adoption of a decision on liquidation.

08.06.2023 12:40

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