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Business liquidation in Russia

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A decision to terminate a business creates several obligations, such as the preparation of the necessary documents, publication of a press announcement about the company’s pending liquidation, notification of its creditors, archiving of documents and preparation of liquidation reports.

In addition, in accordance with the law, the Tax Authorities may initiate the process of a tax audit after starting the liquidation process. In practice, this is the most unpredictable stage of the liquidation process, and it is usually associated with numerous requests from the Tax Authorities, which can greatly increase the liquidation timeline.

Our team has extensive experience in supporting a business’ liquidation process till the moment it is excluded from the register of legal entities or branches. We are ready to provide support in the form of conducting a preliminary analysis of a business’s readiness for liquidation, completing all the formalities and preparing all the relevant documents liquidation reports and bookkeeping till the moment of its liquidation, as well as interacting with the Tax Authorities in terms of tax audits or finalisation of the reconciliation procedures.

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