What is the cost of liquidating a company

You may feel intimidated by the term ‘liquidation’ or ‘dissolution’ and what it implicates.It is definitely not an easy procedure and requires in depth knowledge of the Malta accounting legislation.

We must note however that we are not tax experts and so this advice should be sought before you contact an Insolvency Practitioner to proceed with the MVL process.In this situation the creditors may ask for the winding up of the company.The directors of the company will call a meeting of the creditors and present: During the meeting a person is nominated by the creditors to act as a liquidator.There are 3 key stages to the CVL process: Now you have determined that you want to proceed with closing a company the next step would be to talk to a professional advisor in order to confirm the best action for you and your company to take.Talking through your situation with a professional adviser may give you more options then you first thought.

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