Category: Liquidation

The liquidation report shall be prepared as of the date preceding the distribution to the partners of the assets remaining after the satisfaction or security of creditors. The report is then presented by the liquidators to the shareholders, who should approve it by a resolution of the shareholders’ meeting thereby closing the liquidation of the..

The adoption of a resolution to liquidate the foundation does not yet mean the loss of the foundation’s legal existence. The resolution to liquidate the foundation must be filed with the registry court. This is done by the selected liquidator on the appropriate application forms. The main application form should be accompanied by: 1.a resolution..

Liquidators are indicated in the notification on the opening of liquidation filed with the registry court, as we wrote about in Step 1. The functions of liquidators are performed by former members of the board of directors of the liquidated company, whose terms of office expire upon the dissolution of the company. By resolution of..

Liquidation of a limited liability company is a natural action encountered in business transactions. Often it is the result of activities leading to the restructuring of capital groups, or a change in the legal form of the business. Due to the formalized nature and multi-stage nature of the liquidation process of sp. Ltd. it is..

Liquidation may be commenced provided that one of the reasons allowing the dissolution of the company has occurred. Liquidation of the company begins with a resolution of the shareholders to dissolve the company. It is worth noting its special form – a notarial deed. In the above or in a separate resolution, the liquidators, who,..

The first cost associated with liquidation is the cost of a notary public for drawing up, in the form of a notarized deed, the minutes of the meeting of the Extraordinary Shareholders’ Meeting, which adopts a resolution to begin liquidation of the company. Such a resolution most often starts the liquidation process. To this must..

The liquidator may post a notice to this effect at the municipal office, court building or premises of the association, place an announcement in a local or national newspaper, or place a notice of liquidation on an Internet portal, e.g. www.ngo.pl (https://ogloszenia.ngo.pl/komunikaty/likwidacja). The announcement (information) about liquidation is an attachment to the final application for..

According to the regulations, the liquidator’s primary duty is to carry out the liquidation in the shortest possible time, in a way that protects the assets of the liquidated organization from unjustified depletion. The maximum timeframe for completing this process is one year. The beginning of the term is determined by the date of adoption..

Any costs that are associated with the liquidation of the association can be paid from the assets of the organization. An association registered with the National Court Register faces the cost of court fees. First is the cost of notification of the initiation of the liquidation process of the organization (i.e. updating the data) in..