Solution – Business Clearance

The dissolution of the companies does not automatically cause the expiration of the legal character of the company, but surely leads the company to the stage of liquidation of all its pending legal relations. Therefore, the main consequence of the company’s solution is the replacement of its productive purpose as prescribed by its articles of association, with the purpose of liquidation. Reasons for dissolution of companies

Reasons for business clearance:
- The duration of the company has expired (concerns only fixed-term companies).
- There is a relevant decision of the partners.
- The purpose of the company has been achieved or there is an inability to realize it.
- Complaint of the company.
- Death of one of the partners.
- Reducing the number of company partners to one.
- Submitting legal aid or bankruptcy of a partner.
- In particular, for limited liability companies, an additional reason for solution is the cessation of the existence of at least one general partner in the company.