Liquidation
We help our clients manage crises and insolvencies
Liquidation in Gothenburg and Kungsbacka
Conducting business is about making the right decisions in both big and small matters. We provide legal counselling for businesses and help with crisis management in your company.
Conducting business is about making the right decisions in both big and small matters. We provide legal counselling for businesses and help with crisis management in your company.
We help our clients manage crisis situations and insolvencies
How is a business dissolution and liquidation carried out?
Liquidation is a procedure that results in the dissolution of a company or an economic association, which is initiated by a liquidation decision. For limited liability companies, such a decision is made by the general assembly and for an economic association it is made by the members. It can also be made by the Swedish Companies Registration Office or the district court. We can provide you with a liquidator. This person ensures that the company’s or association’s debts are paid. The surplus is then distributed to the owner or owners.
The liquidator represents the company in place of the board. The general assembly has the same standing as before the liquidation decision unless otherwise specifically regulated in the Companies Act.
The board of directors and the CEO shall provide the liquidator with an account of their management of the company as per the date of the decision to liquidate. An interim accounting statement may be provided if the unaccounted period relates to a short period in the current financial year. Otherwise, an annual report must be drawn up. In order for the liquidator to be able to quickly assess the company’s financial position, it is important that these documents are produced promptly.
Shortly after the liquidation decision, the liquidator must apply to the Swedish Companies Registration Office for a summons to the company’s unknown creditors. A list of the known creditors must be attached to the application. The unknown creditors have six months after the Swedish Companies Registration Office’s announcement to notify the liquidator of their claim. Otherwise, they can no longer assert their claim against the company. However, a claim that was known to the company can be asserted against the company despite the summons procedure.
Do you need help with business dissolution and liquidation?
We at Advokatfirman Glimstedt’s offices in Gothenburg and Kungsbacka make your business life a little easier. We offer counselling in a range of areas within commercial law such as business dissolution and liquidation.
We help you feel secure in your role as a business leader, including in the face of issues related to liquidation.
Our Expert Lawyers in Insolvency and business dissolution – Gothenburg and Kungsbacka
Niclas Elison
Otto Hansson Johansson
Erik Lindskog
Johannes Andersson
Advokatfirman Glimstedt has eleven offices in Sweden and three in the Baltic States. Visit www.glimstedt.se to learn more about our entire business.