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JSC from 200 €|Sole proprietorship from 150 €|Public institution from 150 €|Department from 200 €|Registration address from 40 €|Temporary residence permit in Lithuania from 1000 €|Accounting Services from 40 €/month|Temporary residence permit in Lithuania from 1000 €|Liquidation from 200 €|
JSC from 200 €|Sole proprietorship from 150 €|Public institution from 150 €|Department from 200 €|Registration address from 40 €|Temporary residence permit in Lithuania from 1000 €|Accounting Services from 40 €/month|Temporary residence permit in Lithuania from 1000 €|Liquidation from 200 €|

Enterprise Liquidation and Suspension of Operations

Liquidation – regarding enterprise liquidation, please contact our specialists who shall assist to liquidate Your company without additional expenses and avoid unnecessary debts.

Bankruptcy – a state of insolvent enterprise when bankruptcy proceedings are initiated against the enterprise in court or creditors carry out extrajudicial bankruptcy procedures. The main objective of bankruptcy institute is protection of rights and legitimate interests of creditors – they are provided with a possibility to satisfy their claims from assets and finances of enterprise undergoing bankruptcy. Another objective – protect the interests of enterprise itself, given such possibility to restore its financial stability.

 

We Provide Legal Advice on Enterprise Bankruptcy Issues:

  • initiation of bankruptcy process;
  • carrying out the bankruptcy process;
  • enterprise management in course of bankruptcy;
  • liability of enterprise manager;
  • protection of rights of creditors, shareholders and employees of enterprise to be bankrupt and other persons taking part in bankruptcy procedure;
  • procedure of satisfaction of creditor claims;
  • termination of bankruptcy proceedings;
  • bankruptcy expenses;
  • sale of enterprise property of bankrupt enterprise;
  • liquidation of bankrupt enterprise;
  • other issues related to bankruptcy process;

 

Suspension of Operations

An enterprise failing to enter into and execute any transactions, settle accounts with economic entities and failing to receive income may be recognized as a non-operating enterprise. Such enterprise may be excused temporarily from submission of tax declarations and also to terminate its operations.

Time Limit:

Operations of enterprise shall be suspended within 15-20 business days.

Price:

Liquidation€ 300 with VAT, our services.
Suspension of Operation – €  100 with VAT

Our Services:

  • we provide an advice on issues of suspension of enterprise operations during the time of all procedure;
  • we prepare documentation required for temporary excuse of enterprise from submission of tax declarations;
  • we provide representation at State Tax Inspectorate.

Actions of the Client:

  • account settlement with enterprise creditors/debtors;
  • dismissal of employees;
  • preparation of tax declarations for the time period from the beginning of tax period until commencement of term of non-performance of operations;
  • preparation of balance sheet as of the commencement of term of non-performance of operations.

 

Required Documentation and Information

  • enterprise data (name, code, VAT code, address of registered office);
  • data of UAB (Private Limited Liability Company) director / an owner of IĮ (Personal Enterprise);
  • the number of hired employees;
  • names and numbers of cash registers that have been registered, but not used to settle accounts and that have been re-registered for responsible storage;
  • balance sheet of UAB as of the commencement of the term of non-performance of operations;
  • tax declarations of taxes, the temporary excuse of submission of declarations thereof is requested, for the time period from beginning of taxing period until commencement of term of non-performance of operations.

 

It is Important to Know

  • if within the time period of temporary excuse from submission of declarations, an obligation to pay a tax occurs, an enterprise shall have to pay this tax and submit a respective declaration to State Tax Inspectorate (VMI);
  • if non-operating enterprise renews its activity earlier than specified in VMI resolution, it shall have to notify thereof VMI no later than within 5 business days from the beginning of renewal of operations.

 

If you have related questions, contact us by ph. +370 686 18228, e-mailinfo@imoniusteigimas.lt