Jilian Consultants Co., Ltd.
Jilian Consultants Co., Ltd.
Company Cancellation

Global Corporate Dissolution

Global Corporate Dissolution

Company dissolution/wind up/closing/strike-off/cancellation occurs when a company had not fulfilled its purpose, facing bankruptcy, is acquired by another company, or even when it never operated any business. It is necessary to follow the legal procedure before the local authority can remove its name from the registry and declare it “dissolved”. 

There are several common steps to follow when closing a company: filing a resolution by the owner or board of directors, company liquidating, settling outstanding payments, notifying related companies and personnel, and get published in a local newspaper in some countries and regions.