Liquidation of an LLC
Winding down a company requires several formal steps, detailed documentation, and strict compliance with legal timelines. Formily handles the entire documentation side of the liquidation process, ensuring that all required forms are correctly prepared for the Commercial Register.
Our legal team manages the paperwork quickly and accurately so you can complete the closure without dealing with unnecessary administrative tasks. Consultations related to the liquidation procedure are provided at no additional cost.
The price for preparing the liquidation documents is €50 (VAT included).
All forms are completed within one hour and delivered ready for signature. Once received, you can submit them electronically using an e-signature or Smart-ID, or deliver them in paper form. Clear submission guidelines are included to make the final steps straightforward.
Please note that the liquidation process may also involve additional mandatory costs:
State fee: €30
Creditor notice in Latvijas Vēstnesis (required if the company has outstanding liabilities): €17.07
Submission of company records to the National Archives: charged according to the Latvian National Archives fee schedule
Our legal team manages the paperwork quickly and accurately so you can complete the closure without dealing with unnecessary administrative tasks. Consultations related to the liquidation procedure are provided at no additional cost.
The price for preparing the liquidation documents is €50 (VAT included).
All forms are completed within one hour and delivered ready for signature. Once received, you can submit them electronically using an e-signature or Smart-ID, or deliver them in paper form. Clear submission guidelines are included to make the final steps straightforward.
Please note that the liquidation process may also involve additional mandatory costs:
State fee: €30
Creditor notice in Latvijas Vēstnesis (required if the company has outstanding liabilities): €17.07
Submission of company records to the National Archives: charged according to the Latvian National Archives fee schedule
Submit the application on our website
Complete the online request form — it takes only a moment.
Complete the online request form — it takes only a moment.
Sign the liquidation documents
We prepare all liquidation paperwork within one hour and send it to you for signing.
We prepare all liquidation paperwork within one hour and send it to you for signing.
Notify creditors
If the company has outstanding obligations, a notice must be issued to creditors and published in the official gazette Latvijas Vēstnesis.
If the company has outstanding obligations, a notice must be issued to creditors and published in the official gazette Latvijas Vēstnesis.
Prepare all accounting documentation
This includes the company’s financial statements and the asset distribution plan.
This includes the company’s financial statements and the asset distribution plan.
Close the company’s bank account
All settlements with the bank must be completed and the account formally closed.
All settlements with the bank must be completed and the account formally closed.
Transfer documents to the archive
All company records must be submitted to the Latvian National Archives.
All company records must be submitted to the Latvian National Archives.
Final submission to the Commercial Register
After filing the final documents, the company is removed from the Commercial Register, completing the liquidation.
After filing the final documents, the company is removed from the Commercial Register, completing the liquidation.
File the documents with the Commercial Register and the Tax Authority
Once submitted, the official liquidation process of the company is initiated.
Once submitted, the official liquidation process of the company is initiated.
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