Liquidation of a private limited company

Creating a company (osaühing or OU) is easy and an take a few minutes online. However, getting rid of it can take a bit longer. If you cannot sell your company, voluntary dissolution is another option. The law prescribes strict deadlines for different stages that have to be followed even if you have not had any economic activity. The first step is for the owner or owners to take a formal decision to liquidate and a liquidator has to be appointed. This decision then has to be reflected in the Commercial Register. The next step is to publish the liquidation notice in the portal: and call for all creditors to come forward with their possible claims. The deadl

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