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:
During the liquidation stage the company maintains its legal character. What changes is its corporate purpose, which is replaced by the purpose of liquidation.
The liquidators of the company can no longer carry out management operations or continue the commercial activity of the company. Instead, they have the obligation to keep the assets of the corporate assets and to carry out all the liquidation operations that are deemed necessary to achieve its purpose.
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