10 Nov Company Liquidation – Ensuring a lawful and seamless closure
Company liquidation means the official termination of business activities and the removal of a company from the Business Register.
It is a process during which the company’s accounting is closed, all legal obligations are fulfilled, and it is ensured that the business ceases operations correctly and transparently.
There are many reasons for liquidation — the company’s goal has been achieved, the owners have decided to close it, economic activity has ended, or there have been structural changes within the company.
What matters most is that the process is carried out properly: a correctly documented and legally compliant liquidation helps avoid future legal and tax risks.
Why company liquidation matters
Many companies remain “inactive” in the register — they no longer operate, but reports and obligations have not been submitted.
This can lead to issues such as:
- directives or fines from the Business Register,
- attention from the Tax and Customs Board,
- difficulties establishing a new company or serving as a board member.
Properly executed liquidation ensures that all accounting, tax, and legal matters are settled, and the company is deleted from the register lawfully and smoothly.
Key steps in the company liquidation process
Ederly raamatupidajad provide a full liquidation service from start to finish.
Our specialists ensure that every step is carefully planned and legally compliant.
1. Consultation and preparation
We identify the necessary steps and documents and create an action plan tailored to your company’s situation.
2. Applications and documentation
We prepare and submit all required filings to the Business Register and the Estonian Tax and Customs Board.
3. Closing accounting and balance sheet
We compile the liquidation report, balance sheet, and tax declarations to ensure the accuracy of company data and compliance with the law.
4. Submission of the final report
Once all obligations are fulfilled and assets are distributed, we submit the final report and arrange for the company’s removal from the Business Register.
5. Support throughout the process
We monitor all deadlines and steps to make sure the closure proceeds smoothly and stress-free.
Why Choose Ederly Accountants?
Liquidating a company isn’t just about closing the books — it requires legal precision, accurate documentation, and thorough accounting preparation.
The Ederly raamatupidajad team ensures that the entire process is correct and that the closure doesn’t lead to future risks.
A properly executed liquidation means:
- accurately completed reporting,
- all taxes and obligations fulfilled,
- legally terminated operations, and
- the opportunity to start a new business with a clean slate.
In Summary
Closing a company is an important step that should be taken consciously and at the right time.
A professionally managed liquidation saves time, reduces risks, and provides confidence that everything has been completed correctly.
Ederly raamatupidajad help you liquidate your business legally, safely, and transparently — ensuring that ending your business is as calm and orderly as good accounting itself.
Contact us to discuss your company’s situation and receive a personalized offer.