Solving Complex Business Challenges with Precision and Expertise! approach!
Vest Consulting Bureau provides professional and efficient solutions for all business and taxation-related issues.
STANDARD LIQUIDATION
The liquidation process takes approximately seven months and concludes with the removal of the company from the commercial register.
COMPANY DISSOLUTION
A company can be dissolved through restructuring, meaning it is merged with another entity. Your company is removed from the register, while its rights and obligations are transferred to the merging entity.
COMPANY SALE
Selling the company, including updating registry data, is the fastest and simplest way to exit the business.
COMPANY BANKRUPTCY
If a debtor is unable to meet financial obligations for an extended period, they must file for bankruptcy to protect creditor interests.
COMPANY REINSTATEMENT
A deleted business entity can be reinstated in the commercial register and resume operations.
USEFUL LINKS
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NON-PROFIT ORGANIZATION
NGO as a Management Entity: A Smart Solution for Holding Private Limited Company Shares
STANDARD LIQUIDATION
Company Takeovers
Within 48 hours!
Service fee starting from 300 EUR.
Contact us for more details! Tel:58383373
VEST CONSULTING OFFERS FULL-SERVICE LIQUIDATION
The reasons for company liquidation may include:
• Cessation of business activities
• Failure of the business model
• Insolvency
• Disorganized accounting
• Disputes between shareholders or board members
According to the law, the decision to liquidate a company falls within the shareholders’ authority. The decision must be supported by at least 2/3 of the shareholders’ votes.
When initiating liquidation, shareholders appoint a liquidator for the company, and a corresponding entry is made in the Commercial Register. Shareholders may also apply to the court for the appointment of a liquidator.
The liquidation process generally takes around 7 months. Throughout this period, legal procedures must be followed, including preparing a liquidation report, notifying creditors, selling assets, collecting receivables, and more.
At the end of the liquidation process, the liquidator prepares a final report and a distribution plan for the remaining assets. If the company lacks sufficient assets to meet all creditors’ claims, an application for bankruptcy must be filed with the court without delay.
Shareholders are required to liquidate the company (or increase its capital to meet the legally required minimum) if the company’s net assets fall below half of the share or equity capital or below the amount specified in the articles of association. Failure to comply with this obligation may result in liability as prescribed by law.
Vest Consult handles the entire liquidation process on your behalf, allowing you to focus on new projects and business goals without the burden of a complex legal procedure.
We ensure the best possible liquidation of your company!
Request a free consultation today!COMPANY DISSOLUTION
COMPANY DELETION THROUGH RESTRUCTURING
Company Deletion Through Restructuring (Merger)
Your company (the merging company) will merge with our represented acquiring entity. The process takes up to **2 months** and concludes with the deletion of your merging company from the business registry. During the merger, all obligations will be transferred to the acquiring entity, which will remain active and be deleted at a later stage.
Conditions of the Process
Transfer of Obligations
All obligations of your company (including debts, contractual obligations, etc.) will be transferred to the acquiring entity.
The acquiring entity will assume responsibility for fulfilling these obligations.
Requirements for the Company
The company **must not have** ongoing criminal proceedings, tax proceedings, or registered assets (e.g., real estate, vehicles, etc.).
Duration of the Process
The merger and deletion of the company from the business registry will take up to 2 months
After the process is completed, your company will be deleted from the business registry.
Status of the Acquiring Entity
The acquiring entity will remain active and will take over all transferred obligations.
The acquiring entity will be deleted from the business registry at a later stage, in accordance with its dissolution plan.
Key Points:
Legal Compliance:** The company must not be involved in any ongoing criminal or tax proceedings.
No Registered Assets: The company must not have any registered assets (e.g., real estate, vehicles, etc.).
Smooth Transition: The process ensures a seamless transfer of obligations to the acquiring entity.
If you have any questions or need further assistance, please contact us!
Company Takeovers
Within 48 hours!
Service fee starting from 300 EUR.
Contact us for more details! Tel:58383373
COMPANY SALE
Company Takeovers
Within 48 hours!
Service fee starting from 300 EUR.
Contact us for more details! Tel:58383373
Selling a Company with Registry Data Changes
Selling a company along with updating registry data is a simpler and faster way to divest from a business. Selling a company is definitely the best solution in cases of tax debts and/or irregular accounting. When selling a company, we will perform the following tasks for you:
- Change of shareholders
- Removal/replacement of board members
- Change of address
- Update of contact details
- Change of beneficial owners
- If necessary, change of business name and articles of association
If a shareholder’s share has been seized by a bailiff, we will advise on communicating with the bailiff to purchase the share, as the shareholder cannot sell their share until then.
In such cases, we can still complete the most important tasks, such as replacing board members and updating contact details and other information. It is also possible to change the beneficial owners.
Contact us for more details! Tel:58383373
COMPANY BANKRUPTCY
Bankruptcy is declared by a court based on the Bankruptcy Act, following a bankruptcy application submitted by the company’s representative or a creditor. Bankruptcy is declared if the company is insolvent, and the insolvency is not temporary in nature.
To assess a company’s accounting insolvency, the simplest method is to compare the company’s liabilities and assets. If liabilities exceed assets, the company is very likely insolvent.
Bankruptcy proceedings must be taken seriously, and passive behavior should be avoided.
Our long-term experience shows that the bankruptcy process, without proper attention and participation, can unexpectedly spiral out of control and lead to serious, irreversible consequences for both the management and shareholders.
A motivated creditor can turn the process into an extremely costly and burdensome ordeal for the debtor company’s representatives.
We will help you properly formalize everything related to bankruptcy.
Ask for more details!
Phone: +372 58383373 WhatsApp, Viber, Telegram
or by email: vest@vest.ee
Company Takeovers
Within 48 hours!
Service fee starting from 300 EUR.
Contact us for more details! Tel:58383373
COMPANY REINSTATEMENT
Company Takeovers
Within 48 hours!
Service fee starting from 300 EUR.
Contact us for more details! Tel:58383373
Vest Consulting prepares the necessary documents and applications.
Contact us!
