1. Are there any alternatives to the liquidation of my GmbH?
One alternative could be the merger with an EU-based subsidiary of your group.
Whether the resulting costs would exceed the costs of a liquidation must be assessed individually for each case.
Feel free to contact us.
2. Can I continue to manage my GmbH which is undergoing liquidation?
Under certain conditions, it is indeed possible to continue the business activity of a GmbH undergoing liquidation (discontinued business).
3. What are my obligations after the liquidation?
You are obliged to store certain business documentation according to statutory requirements.
Mandatory storage obligations normally extend to a period of 10 years. We work in close cooperation with a logistics and storage company
in order to be able to offer you the required storage services.
4. Which tax issues must I consider?
Tax laws are very complex also with regard to liquidations.
At the end of the liquidation process, several tax returns must be filed.
Dividend payments to shareholders also require the filing of tax returns.
We gladly offer you to handle these obligations for you.
5. Are there situations when I am forced to liquidate my GmbH?
Statutory regulations exist which can indeed require the liquidation of a GmbH. In particular § 60 GmbHG (the German Limited Liability Companies Act) lists a series of reasons for a liquidation
which must be considered. Feel free to ask us. We will verify your individual questions.
6. What will happen with regard to pension obligations to which my GmbH has committed?
Such obligations must also be liquidated. Existing contracts must be verified individually to see if employees
still have claims under them. It is also possible to transfer such current pensions and claims to another organisation
(pension plan / pension fund).
7. Why is an opening balance sheet for the liquidation required?
So far, the balance sheets of the GmbH were created under the "going concern" assumption.
With the opening of the liquidation process, the going concern balance sheet values are replaced by present actual values in the opening balance sheet.
8. What costs are associated with the liquidation of my GmbH?
We will be able to present you a concrete offer after determining the extent of the mandate.
All services will be presented in a transparent manner.
9. Why should I liquidate my GmbH?
If you do not liquidate your GmbH, you will be obliged to file annual balance sheets and tax returns with financial authorities.
Also, there remains the possibility of tax audits.
10. Could a sale be an alternative to a liquidation?
A sale is indeed an option. Which alternative is best for you must be assessed for each individual case,
das both options provide certain advantages and disadvantages.
11. How long does it take for my GmbH to be deleted from the trade register?
The minimum duration for the process is one year, as there exists a twelve-month ban period. In this process, we accompany you from the very first steps
until the deletion of your company from the trade register.
12. What will happen to any tax loss carry-forward?
As a result of the liquidation of the company, any remaining tax loss carry-forward will be lost.
However, it is possible to offset an existing loss carry-forward against disclosed hidden reserves.