Liquidation of a company is a complex and responsible process that requires careful preparation and implementation of certain procedures. In this article, we will consider the main stages and recommendations for the effective liquidation of an LLP in Kazakhstan.
The process of terminating the activities of a legal entity includes several stages, compliance with the deadlines established for each of the stages, preparation of a large number of documents and requires compliance with all legal norms.
Main stages of liquidation of an LLP
Step 1 – Preparation and adoption of a decision on liquidation
Before starting the liquidation procedure of an LLP, it is necessary to make a decision on liquidation of the company at a general meeting. This decision is recorded in the minutes or a decision if the founders have one participant.
Step 2 – Appointment of a liquidation commission
The commission will monitor and coordinate the liquidation process, which consists of representatives of the LLP (director, accountant, other key employees). The powers and composition of the commission are approved at a general meeting of participants and are formalized in the relevant minutes or decision.
Step 3 – Notification of Liquidation of LLP
In addition to sending notices to interested parties, it is necessary to publish an announcement of liquidation in newspapers of national significance. This should contain information on the deadlines for accepting claims from creditors, at least 2 months from the date of publication.
Step 4 – Drawing up an interim liquidation balance sheet, preparing liquidation tax reporting, etc.
Two months from the date of publication of the announcement, it is necessary to draw up an interim liquidation balance sheet and prepare liquidation tax reporting.
Step 5 – Closing accounts and deregistering cash registers
It is necessary to close all LLP accounts in banks and provide certificates of account closure to the State Revenue Department of the Ministry of Finance of the Republic of Kazakhstan. If there is a cash register machine (KKM), it should also be deregistered.
Step 6 – Drawing up a certificate of destruction of the seal
Step 7 – Submitting documents to the registration authority
Liquidation Periods of an LLC
The liquidation period of an LLC is from 2 months
All actions for closing an LLC are carried out officially in accordance with the current legislation of the Republic of Kazakhstan, where there are standard terms for each stage. The service is carried out within these terms and, unfortunately, it is impossible to speed them up.
Documents required for liquidation of LLP:
- Publication in a legal newspaper
- Constituent documents
- Charter
- Document confirming payment to the State Corporation “Government for Citizens” for deregistration of a branch (representative office) of a legal entity that is a commercial organization
- Liquidation balance
- Certificate of destruction of the seal
- Certificate of closing of accounts
Liquidation of LLP is a serious process that requires precision, attention to detail and knowledge of the law. In this process, it is important to correctly go through all the stages in order to avoid legal consequences and possible financial losses.
The KORGAN law firm is ready to provide assistance at every stage of this process, providing competent support and assistance in the preparation of all necessary documents.
Contact us right now to get advice and trust the experience of professionals in working with KORGAN!
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Author of the article: Kenzhemergenova M.N.