Liquidation of a travel agency

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A travel company can be liquidated through liquidation or reorganization. The law provides for five forms of reorganization: merger, consolidation, division, separation and transformation.

Reorganization is not the cessation of the company's activities, but a general or private legal succession.

Merger involves the creation of a new legal entity to which rights and obligations are transferred in accordance with the transfer act.

When one legal entity joins another legal entity, the latter receives rights and obligations in accordance with the transfer deed.

In case of division, the rights and obligations of a legal entity are transferred to the newly created legal entities, after which the legal entity that existed earlier ceases its actual and legal existence.

In case of separation of one or more legal entities from a legal entity, the rights and obligations of the reorganized legal entity are transferred to each of them.

At transformation of a legal entity to the newly established legal entity in the order of general legal succession are transferred the rights and obligations of the reorganized legal entity in accordance with the transfer act, except for the rights and obligations that can not belong to the legal entity that has arisen.

Features of the process of final liquidation of the company

As a result of liquidation a legal entity completely ceases its activity. Liquidation can be voluntary and compulsory. Voluntary liquidation occurs by decision of the founders (participants) in case of expiration of the term of creation of a legal entity, achievement of the purpose of creation or recognition by the court of the registration of a legal entity as invalid. Compulsory liquidation occurs by court decision in the event that a legal entity carried out activities without registration, or its activities are illegal, or it was carried out with repeated gross violations of the law. Also forced liquidation is resorted to in case the legal entity was recognized as bankrupt.

The process of liquidation of a legal entity is considered completed after the entry in the unified State register of legal entities, physical persons-entrepreneurs and public formations of the record of termination of the activity of the enterprise.

What will you get as a result of liquidation?

• You will be able to start a new business and be sure that the old company has completely ceased operations. You will also:
• will be released from liability for the company's activities;
• receive an extract from the state register of the termination of the organization;
• Express liquidation of the company is possible even in the presence of debts and arrested accounts.

In the case of express liquidation of a travel company, there is no need for tax audits.

In order to understand the procedure and receive legal assistance from a specialist, contact Legal Solutions. Our many years of experience will help to solve any problem and quickly liquidate a legal entity without unnecessary headaches and interaction with regulatory authorities. We will solve your issue in the shortest possible time, strictly complying with the Law.

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