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Liquidation of enterprises
There are three main ways to close a company in Ukraine: voluntary liquidation by the owners with settlement of creditors and a tax audit, bankruptcy when assets do not cover the debts, or an exit through a sale of corporate rights, where the company continues with a new owner. A lawyer checks the company in the registers proposes a route and plans the procedure to avoid refiling.
What we do
- Check debts, enforcement proceedings, reporting and members.
- Propose the route: liquidation, sale of corporate rights, bankruptcy or rescue.
- Run the procedure until the State Register entry or the new owner’s registration.
What we need from you
- The company name or EDRPOU code.
- A line on debts, employees and reporting status.
- A power of attorney once the route is chosen.
How voluntary liquidation works
- Diagnostics: from documents and public registers we identify debts, audit risks and the realistic route — liquidation, sale of the shares or bankruptcy.
- Members’ resolution and written notice to the registrar within three business days; from then on the commission manages the company.
- Creditor claims period (2–6 months): we review every claim, answer each creditor within 30 days and collect receivables.
- Unscheduled documentary tax audit and reporting for the last reporting period.
- Interim liquidation balance sheet, settlement with creditors, final liquidation balance sheet filed with the tax authority.
- Archive and termination: the application and the archive certificate; the registrar reviews them within 24 hours, excluding weekends and holidays.
Three ways to close a company
Where things usually go wrong
- The resolution lacks the required majority: for an LLC it is three quarters of the votes of all members entitled to vote, unless the charter says otherwise.
- The registrar is not notified within three business days, or the resolution omits the commission and the creditor deadline, so the documents come back.
- Termination documents are filed before the creditor claims period has ended.
- The account used for paying creditors is closed together with the others.
Why hand this to a team under contract
Liquidation takes months and involves the registrar, the tax authority, the bank, the archive and creditors. A defective resolution, a missed debt or open enforcement proceedings mean a refusal and another round. A lawyer under contract runs every stage, checks in advance what blocks registration and is responsible for the commission’s documents.
Choose your route
- Voluntary liquidation of a company — the general procedure for LLCs and other entities.
- Liquidation of an LLC — closing a limited liability company.
- Sale of corporate rights — exiting the business without liquidation.
- Liquidation through bankruptcy — when assets do not cover the debts.
Unsure which route fits? Describe the situation and a lawyer will reply with the way to close the company and the price.
Describe your task to a lawyer →Sources: Civil Code of Ukraine, Art. 104, 105, 110–112; Law of Ukraine on State Registration of Legal Entities, Individual Entrepreneurs and Public Associations, Art. 17, 26, 28; Law of Ukraine on Limited and Additional Liability Companies, Art. 30, 34; Tax Code of Ukraine, sub-item 78.1.7. Updated: 28.09.2026.
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