Liquidation of private unitary enterprises and LLCs in the Republic of Belarus: main stages and legal aspects

By CrimeaNEWS On Фев 21, 2024

CrimeaPRESS reports:

Liquidation of LLC in the Republic of Belarus and liquidation of private enterprises is regulated by law and includes a number of mandatory procedures and requirements that must be followed. In this article we will look at the main stages of liquidation, as well as the legal aspects that must be taken into account when carrying out this procedure.

The main stages of liquidation of private unitary enterprises and LLCs

Liquidation of private unitary enterprise and LLC is a crucial moment in life in which it is better not to make mistakes. In this article we will look at the main stages of liquidation of private unitary enterprises and LLCs in the Republic of Belarus.

Making a decision on liquidation. The first stage of liquidation of private unitary enterprises and LLCs is making a decision on liquidation. To do this, it is necessary to hold a general meeting of participants (founders) and make an appropriate decision.
Appointment of a liquidation commission. After a decision on liquidation is made, it is necessary to appoint a liquidation commission that will carry out the liquidation.
Notice of commencement of liquidation. After appointing a liquidation commission, it is necessary to notify all interested parties of the start of liquidation, including tax authorities, banks, suppliers and other counterparties.
Termination of activities. After notification of the start of liquidation, it is necessary to terminate the activities of the private unitary enterprise and LLC, as well as terminate all contractual relations with counterparties.
Sale of property. After termination of activity, it is necessary to sell the property of the private unitary enterprise and LLC and pay off all debts to creditors.
Closing accounts and notice of termination of business. After the sale of the property, it is necessary to close all accounts of the private unitary enterprise and LLC and notify all interested parties of the termination of activities.
Submission of documents to the registration authority. After completing all liquidation procedures, it is necessary to submit the relevant documents to the registration authority to exclude private enterprises and LLCs from the Unified State Register of Legal Entities.
Completion of liquidation. After the exclusion of private unitary enterprises and LLCs from the Unified State Register of Legal Entities, the liquidation is considered completed.

Legal aspects of liquidation of private unitary enterprises and LLCs

When liquidating private unitary enterprises and LLCs in the Republic of Belarus, you should carefully consider the legal and tax aspects. In this article we will consider the main legal aspects that must be taken into account when carrying out the liquidation procedure for private unitary enterprises and LLCs in the Republic of Belarus.

Legislation. The liquidation procedure for private unitary enterprises and LLCs in the Republic of Belarus is regulated by law. It is important to consider that there are various laws and regulations that govern the liquidation procedure, including the Civil Code, Tax Code, Entrepreneurship Law and others.
Documentation. To carry out the liquidation procedure for private unitary enterprises and LLCs, it is necessary to prepare a number of documents, including the founders’ decision on liquidation, a protocol on the appointment of a liquidation commission, a notice of liquidation, an act on the results of liquidation and others.
Notification of interested parties. When carrying out the liquidation procedure for private unitary enterprises and LLCs, it is necessary to notify interested parties, including creditors, employees and other business participants. This will allow them to take part in the liquidation process and protect their interests.
Tax aspects. When carrying out the liquidation procedure for private unitary enterprises and LLCs, it is necessary to take into account tax aspects. In particular, it is necessary to pay all taxes and fees that were owed before the start of the liquidation procedure, as well as notify the tax authorities about the liquidation procedure.
Deadlines. When carrying out the liquidation procedure for private unitary enterprises and LLCs, it is necessary to take into account the deadlines established by law. In particular, it is necessary to notify of the liquidation procedure within 5 days from the date of the decision on this, and also to complete the liquidation procedure within 6 months from the date of notification of the start of the procedure.

It is important to remember that carrying out the liquidation procedure for private unitary enterprises and LLCs is a responsible step that requires a careful approach and compliance with the law. Therefore, before carrying out the liquidation procedure, it is recommended to seek advice from lawyers and tax consultants in order to avoid possible mistakes and problems.

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