Earlier, we provided you with an overview of the current situation with the liquidation of LLCs in Russia.
In addition to the previous review, we would like to further draw your attention to this year’s innovation: a simplified liquidation procedure.
A simplified liquidation procedure is available for SMEs (for the latest information on the status of SMEs, see here and here) and allows you to reduce the time and cost of the liquidation procedure, as well as reduce possible risks of improper liquidation (for example, restrictions on participation and management in new companies within three years).
However, not all SMEs are eligible for simplified liquidation by default. To do this, the company must comply with a list of certain additional criteria.
What conditions must be met to be eligible for simplified liquidation?
How to implement simplified liquidation?
To start a simplified liquidation, you must submit an application to the tax service on form P19001. At the moment, the paper and electronic formats of this form have not yet been approved, at the current stage, you can familiarize yourself with the draft form.
In the application, the founders (members) of the company confirm that:
The application can be submitted electronically (using an enhanced qualified electronic signature of each participant), directly to the tax service on paper (notarization of signatures will be required) or through a notary public.
What is the time lim it for simplified liquidation?
The tax service will check the application and within 5 business days will make a decision on the upcoming exclusion of the company from the Unified State Register of Legal Entities or refusal.
In case of a positive decision by the tax service, information about the upcoming exclusion of the company from the register will be published in the Unified State Register of Legal Entities and in the State Registration Bulletin.
Within 3 months from the date of publication in the bulletin, the creditors of the company will be able to send their objections, if any.
If there are no objections from creditors within 3 months, the liquidated company will be excluded from the register.
It is important to know:
The initial conditions for simplified liquidation must be met at the time of exclusion. If during this period the company accumulates debts or assets, or fails to submit reports, simplified liquidation will not take place.
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