Financial Services assist company in Liquidation process. The Liquidation is the the formal process of closing a company by settling its debts, selling its assets, and distributing any remaining funds to shareholders. It marks the legal end of the business, ensuring that all financial and legal obligations are properly handled before the company is officially dissolved.
When a company reaches the end of its lifecycle, whether voluntarily or by necessity, it must go through a formal liquidation process. One of the key elements in this process is the Account of Liquidation, a final accounting document that summarizes the company’s financial closure. It details how all assets were sold, liabilities paid, and any remaining funds distributed to shareholders.
Whether you're looking for a one step liquidation, following a three steps liquidation method, or seeking professional assistance in liquidation process, this guide provides everything you need to navigate dissolution with clarity and confidence.
The Account of Liquidation is a legally required document that:
Outlines the final financial status of the company
Lists all asset disposals and debt settlements
Shows how any remaining balance (boni) is distributed to shareholders
It serves as proof of closure and must be filed with the appropriate registry before the company can be officially removed from the business register.
Business liquidation involves legal, financial, and administrative steps. Without proper guidance, it’s easy to make costly mistakes. By getting assistance in liquidation process, you benefit from:
Expertise in legal filings
Accurate preparation of the account of liquidation
Compliance with all deadlines
Drafting of mandatory documents (resolutions, final accounts, etc.)
Professional support ensures your dissolution is done properly, especially if shareholders are looking to liquidate efficiently and avoid future liability.
One step liquidation is a simplified procedure available to companies with no debts and no ongoing activity.
Fast and cost-effective
Minimal paperwork
Suitable for dormant or inactive businesses
Shareholders vote for dissolution and appoint a liquidator
Liquidator settles everything immediately
Final account of liquidation is filed, followed by official closure
This method is ideal for those seeking a clean exit with minimal complexity.
The three steps liquidation method is the traditional path for most companies. It provides more structure and is legally safer when the company has assets, debts, or active operations.
Dissolution – Decision by shareholders, public notice filed
Liquidation – Debts are paid, assets sold, and account of liquidation prepared
Closure – Final approval of accounts and company deregistration
This method is reliable, thorough, and helps ensure that all obligations are met before closure.
Whether you're planning a one step liquidation or going through a three steps liquidation, understanding and preparing your account of liquidation is essential. With the right assistance in liquidation process, you can dissolve your company properly, legally, and with peace of mind.
If you're unsure where to start, consider reaching out to a specialized liquidation advisor to handle the process from start to finish.