Ecovis Bulgaria will provide the necessary expert assistance and advice on all aspects arising in the process, including legal, tax and financial matters.
In the event of liquidation of a company, it is necessary to prepare documents, including minutes, winding-up declarations, financial statements, etc., in accordance with the legislation of the relevant jurisdiction.
Before proceeding with liquidation, the company must pay all debts and liabilities to creditors, the state and other interested parties. If the company owns assets such as equipment, real estate or other property, these may be sold to cover the liabilities to creditors. The company's bank accounts are closed and all transaction authorisations are removed. Employment contracts, their annexes and payrolls are issued to the NSSI.
Final financial statements are prepared and the necessary documents and forms are submitted to the relevant administrative authorities for registration of the cessation of business.