{"id":31,"date":"2023-02-24T14:50:38","date_gmt":"2023-02-24T11:50:38","guid":{"rendered":"https:\/\/tr.f-chain.com\/?page_id=31"},"modified":"2023-05-24T05:50:50","modified_gmt":"2023-05-24T02:50:50","slug":"company-liquidation","status":"publish","type":"page","link":"https:\/\/de.f-chain.com\/en\/company-liquidation\/","title":{"rendered":"Company liquidation"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row css_animation=&#8221;fadeInUp&#8221;][vc_column][vc_column_text]<b>Liquidation of a limited liability company in Germany<\/b><\/p>\n<p><span style=\"font-weight: 400;\">According to German law, <\/span><b>company liquidation<\/b><span style=\"font-weight: 400;\"> can be carried out in two ways. In the voluntary case, the procedure can be initiated at a meeting only by the company participants (founders, shareholders). And the forced <\/span><b>termination of a GmbH<\/b><span style=\"font-weight: 400;\">, as a rule, is initiated by creditors and carried out by the decision of the competent court.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221; css_animation=&#8221;fadeInUp&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<b>Voluntary company liquidation procedures<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The shareholders of a company may agree on the <\/span><b>dissolution of the business<\/b><span style=\"font-weight: 400;\"> by their decision. At least 8 quarters of the votes at a general meeting are required for such a resolution. Within a <\/span><b>company liquidation<\/b><span style=\"font-weight: 400;\">, the responsible persons proceed according to the following algorithm:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">preparation of the Decision on <\/span><b>closing a company<\/b><span style=\"font-weight: 400;\"> with the reason for dissolution and notarization;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">sending a notification to the German Commercial Register;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">termination of customer contracts;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">preparation of the termination of employees according to the working contracts;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">preparation and termination of contracts for services received by the company: rental of office space, communication services, banking services and others;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">control of the <\/span><b>registration of the dissolution<\/b><span style=\"font-weight: 400;\"> in the Commercial Registry.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When closing the company, it is necessary to perform all of the above items step by step. It will help the owner to maintain an impeccable business reputation and avoid problems with German law. The <\/span><b>company liquidation process<\/b><span style=\"font-weight: 400;\"> is completed when the company has ceased all activities and has been removed from the commercial register. This usually takes at least 12 months. <\/span>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;5183&#8243; img_size=&#8221;full&#8221;][\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221; css_animation=&#8221;fadeInUp&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;5185&#8243; img_size=&#8221;full&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<b>Dissolution, liquidation, and termination of a GmbH: What documents are required<\/b><\/p>\n<p><span style=\"font-weight: 400;\">You should contact the <\/span><b>company liquidation service in Germany<\/b><span style=\"font-weight: 400;\"> to be able to do this successfully. Its specialists will help to prepare a package of necessary documents:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">a copy of the list of founders;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">a copy of the foundation agreement;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">an up-to-date extract from the commercial register;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">copies of annual reports for the last three years;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">a copy of the contract for the office of the company;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Summe and Salden mit Debitoren\/Kreditorenliste;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">contact details of the director, founders and accountant, copies of their passports;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">details of the bank that serviced the firm;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">additional information useful for the audit of the company.<\/span><\/li>\n<\/ul>\n<p><b>Company liquidation<\/b><span style=\"font-weight: 400;\"> can last more than a year, because the removal from the commercial register is not carried out earlier than a year after the first notification to creditors. And in some cases, it lasts even longer.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221; css_animation=&#8221;fadeInUp&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<b>Compulsory liquidation in Germany<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The company is often unable to pay its debts and is in a deplorable situation. Then, the creditors can start a forced <\/span><b>termination of a GmbH<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To do this, they go to the High Court and report that the company owes them a certain amount, but cannot pay it. This procedure is similar to a voluntary one, but a liquidator is appointed by the court and oversees the whole process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is also another procedure, CVL, which differs from compulsory liquidation in that the directors of the insolvent company choose and appoint an insolvency administrator themselves.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During <\/span><b>company liquidation<\/b><span style=\"font-weight: 400;\">, there is active work with the accountants for the proper distribution of the company&#8217;s remaining assets among the creditors. You can contact a <\/span><b>company liquidation service in Germany<\/b><span style=\"font-weight: 400;\"> for this, which will help you to prepare reports and other financial documents according to German law.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The main advantage of contacting such an organization will be the comfort of all participants in the process. The help of its employees is useful because the service will undertake the execution of documents and the conduct of the entire process up to the <\/span><b>winding up<\/b><span style=\"font-weight: 400;\"> and removal of the company from the Commercial Register. This means that it will save the participants time, nerves and money.<\/span>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;186&#8243; img_size=&#8221;full&#8221;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row css_animation=&#8221;fadeInUp&#8221;][vc_column][vc_column_text]Liquidation of a limited liability company in Germany According to German law, company liquidation can be carried out in two ways. In the voluntary case, the procedure can be initiated at a meeting only by the company participants (founders, shareholders). And the forced termination of a GmbH, as a rule, is initiated by creditors<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-31","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Liquidation of enterprises in Germany<\/title>\n<meta name=\"description\" content=\"Termination of a legal entity is a process that requires legal formalization. FCHAIN professionals can easily help you with that.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/de.f-chain.com\/aufloesung-beendigung-einer-gmbh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liquidation of enterprises in Germany\" \/>\n<meta property=\"og:description\" content=\"Termination of a legal entity is a process that requires legal formalization. FCHAIN professionals can easily help you with that.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/de.f-chain.com\/aufloesung-beendigung-einer-gmbh\/\" \/>\n<meta property=\"og:site_name\" content=\"Fchain\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-24T02:50:50+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/de.f-chain.com\\\/aufloesung-beendigung-einer-gmbh\\\/\",\"url\":\"https:\\\/\\\/de.f-chain.com\\\/aufloesung-beendigung-einer-gmbh\\\/\",\"name\":\"Liquidation of enterprises in Germany\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/de.f-chain.com\\\/#website\"},\"datePublished\":\"2023-02-24T11:50:38+00:00\",\"dateModified\":\"2023-05-24T02:50:50+00:00\",\"description\":\"Termination of a legal entity is a process that requires legal formalization. FCHAIN professionals can easily help you with that.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/de.f-chain.com\\\/aufloesung-beendigung-einer-gmbh\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/de.f-chain.com\\\/aufloesung-beendigung-einer-gmbh\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/de.f-chain.com\\\/aufloesung-beendigung-einer-gmbh\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/de.f-chain.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Company liquidation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/de.f-chain.com\\\/#website\",\"url\":\"https:\\\/\\\/de.f-chain.com\\\/\",\"name\":\"Fchain\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/de.f-chain.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Liquidation of enterprises in Germany","description":"Termination of a legal entity is a process that requires legal formalization. FCHAIN professionals can easily help you with that.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/de.f-chain.com\/aufloesung-beendigung-einer-gmbh\/","og_locale":"en_US","og_type":"article","og_title":"Liquidation of enterprises in Germany","og_description":"Termination of a legal entity is a process that requires legal formalization. FCHAIN professionals can easily help you with that.","og_url":"https:\/\/de.f-chain.com\/aufloesung-beendigung-einer-gmbh\/","og_site_name":"Fchain","article_modified_time":"2023-05-24T02:50:50+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/de.f-chain.com\/aufloesung-beendigung-einer-gmbh\/","url":"https:\/\/de.f-chain.com\/aufloesung-beendigung-einer-gmbh\/","name":"Liquidation of enterprises in Germany","isPartOf":{"@id":"https:\/\/de.f-chain.com\/#website"},"datePublished":"2023-02-24T11:50:38+00:00","dateModified":"2023-05-24T02:50:50+00:00","description":"Termination of a legal entity is a process that requires legal formalization. FCHAIN professionals can easily help you with that.","breadcrumb":{"@id":"https:\/\/de.f-chain.com\/aufloesung-beendigung-einer-gmbh\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/de.f-chain.com\/aufloesung-beendigung-einer-gmbh\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/de.f-chain.com\/aufloesung-beendigung-einer-gmbh\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/de.f-chain.com\/en\/"},{"@type":"ListItem","position":2,"name":"Company liquidation"}]},{"@type":"WebSite","@id":"https:\/\/de.f-chain.com\/#website","url":"https:\/\/de.f-chain.com\/","name":"Fchain","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/de.f-chain.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/de.f-chain.com\/en\/wp-json\/wp\/v2\/pages\/31","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/de.f-chain.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/de.f-chain.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/de.f-chain.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/de.f-chain.com\/en\/wp-json\/wp\/v2\/comments?post=31"}],"version-history":[{"count":6,"href":"https:\/\/de.f-chain.com\/en\/wp-json\/wp\/v2\/pages\/31\/revisions"}],"predecessor-version":[{"id":5442,"href":"https:\/\/de.f-chain.com\/en\/wp-json\/wp\/v2\/pages\/31\/revisions\/5442"}],"wp:attachment":[{"href":"https:\/\/de.f-chain.com\/en\/wp-json\/wp\/v2\/media?parent=31"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}