Liquidation of the company

The liquidation of a company may be necessary for various reasons, such as the cessation of business activities, financial difficulties or the decision of the owners of the company to end economic activities. Properly carried out liquidation provides a number of advantages:

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✅ Legal clarity— the company is closed legally and in accordance with the laws and regulations.
✅ Release from obligations— Settlements are made with creditors and public authorities.
✅ Prevention of tax and legal risks— avoidance of possible future punitive sanctions.
✅ Termination of control— the owner is no longer legally responsible for the activities of the company.
✅ Optimization of financial resources— the possibility of closing the company with minimal costs.

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How does the liquidation of a company take place in Latvia?

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The liquidation process includes several stages, but with our professional support it will go quickly and without complications:

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✅ Consultation— initial analysis of the situation and determination of the necessary actions.
✅ Decision-making— organisation of the meeting of participants and documentation of the decision.
✅ Appointment of liquidator— assignment of the responsible person to the winding-up proceedings.
✅ Notification to the Register of Enterprises— submission of an application for liquidation of the company.
✅ Write-off of debts and liabilities— settlement with creditors and public authorities.
✅ Closure of the company— cancellation of registration and completion of liquidation.