Voluntary Company Dissolution
Comprehensive Legal Assistance for Voluntary Dissolution
Maital Ben-Baruch Law Offices specialize in guiding companies through voluntary dissolution processes, ensuring compliance with all regulatory requirements, protecting shareholder interests, and efficiently managing the dissolution process.
When is Voluntary Company Dissolution Necessary?
Voluntary dissolution of a company typically occurs when:
- The company is inactive and maintaining it is no longer cost-effective.
- Shareholders make a strategic decision to discontinue operations.
- The company is merging with another entity or undergoing restructuring.
- Shareholders wish to formally terminate the business operations.
Steps in the Voluntary Dissolution Process
The voluntary dissolution process typically includes the following steps:
- Decision by Shareholders: Formal shareholder resolution to dissolve the company.
- Declaration of Solvency: Filing a statement confirming the company's ability to pay off all debts within a specified period (usually 12 months).
- Appointment of a Liquidator: Generally, a shareholder or an external party is appointed to oversee the dissolution.
- Debt Settlement: Paying off creditors and settling all financial obligations.
- Distribution of Assets: Distributing remaining assets among shareholders after debts and obligations have been settled.
- Filing for Dissolution: Submitting a formal request to the Registrar of Companies for the company's removal from the registry.
Services Offered by Our Firm
Maital Ben-Baruch Law Offices provides full legal support throughout the voluntary dissolution process, including:
- Drafting required documentation (e.g., Declaration of Solvency, corporate resolutions, notifications to authorities).
- Assistance with closing company bank accounts and settling existing liabilities.
- Representation before regulatory bodies, including the Companies Registrar and tax authorities, ensuring complete compliance.
Why Choose Our Firm?
Our firm brings extensive experience, uncompromising professionalism, and personalized service tailored to your business needs. We ensure the dissolution process is executed efficiently, minimizing legal risks, and fully protecting your business and personal interests.
Considering voluntary company dissolution?
Contact us today for professional legal guidance and comprehensive support.