Service
Company liquidation in Georgia
We run liquidation from the owners' decision through to removal from the register, so that the company leaves without unsettled obligations or questions left for the director.
Simply stopping work is not the same as closing a company: it stays in the register, with a director, an address and an obligation to file.
What the work covers
- Looking at the situation first. Whether there is turnover, debt, staff or assets. The route and its cost follow from that.
- Checking the state of filings. What has been filed and what has not, whether there are assessments or arrears. This is what most often holds the procedure up.
- The owners' decision to liquidate and the authority of whoever runs it.
- Notice and publicity, so that creditors can bring claims.
- Settling with creditors: identifying obligations and dealing with them.
- The tax side: filings for the period, settling assessments, deregistration.
- Staff: terminating employment with the proper settlement.
- Closing accounts and distributing what remains among the owners.
- Removal from the register and the set of documents handed to you.
What is not included
- Writing off debts. Liquidation is not a way out of obligations: while they are unsettled the procedure does not complete.
- The case where liabilities exceed assets. That is a different situation and a different route, and telling one from the other belongs at the beginning, not halfway through.
- Reconstructing the books for earlier periods. Separate work, which we can price, but not part of liquidation.
- Tax consequences for the owners in their own countries, which follow those countries' rules.
Alternatives to closing
Liquidation is not the only route and not always the cheapest. Depending on the situation, the options include selling the shares to a new owner, reorganisation, or keeping the company dormant but in order with minimal filings.
Which works out cheaper depends on turnover, assets, staff and whether you intend to come back to the activity. We start from the facts rather than from a decision taken in advance, partly because sometimes the right answer is "do not close it".
What you will need
- The extract from the register, the charter and the owners' decisions.
- The state of filings: what has been filed, whether there are assessments or arrears.
- A list of obligations: counterparties, loans, owner loans.
- Staff and current employment contracts.
- The company's assets, account balances and which banks hold them.
- The owners and where they are tax resident.
How the work goes
- You describe the task, through the form on the site, by email or in a messenger.
- A lawyer goes through what you have, what still has to be obtained and where the tight spots are.
- We agree the scope and the price. You pay nothing before that point.
- We sign a contract in which the scope of the service is set out in writing.
- You hand over the documents, we check the set and tell you what is missing.
- We run the procedure and keep you informed at every step.
- You receive the result and the full set of documents.
Prices
Our fee and the state fee are counted separately.
| Service | Our fee |
|---|---|
| Closing a sole trader | $100 |
| LLC liquidation | from $700 |
An invoice always shows what it is made of:
our fee for the lawyer's work; state fees and charges, which the state sets and which we do not mark up; third party costs such as a notary, a translator, an apostille or extracts, paid as incurred.
Consultation - from $30. The price for your case is confirmed before the work starts and fixed in the contract.
What is outside our control
- How long the register, the tax authority and the banks take.
- Whether creditors come forward in the procedure and for how much.
- The outcome of settling assessments where there are disputed amounts.
We say where a matter is weak before the work starts. If in our view the procedure will drag or run into an unsettled debt, you will hear it at once.
Deciding whether to close the company or keep it? Describe the situation: turnover, debts, staff, assets. We will say which route costs less and how each one ends.
Describe your caseRelated
Эта страница по-русскиService: company and sole trader registrationService: bookkeeping in GeorgiaAbout this page. It sets out the scope of our service and the general order of the procedure. It is not legal advice and not a public offer: the scope, the timing and the price for a particular matter are agreed individually and recorded in the contract. Requirements, fees and practice change, so anything here is checked against the position on the day you apply. In many procedures the final decision rests with the competent authority and its discretion, so a positive outcome cannot be guaranteed.