How much does it cost to put a company into voluntary liquidation in Germany? What happens if I can’t afford to liquidate?
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Members of a company may initiate voluntary liquidation, which is a sign that you are conversant with insolvency rules. The process prevents any allegations of unlawful trading. Also, the procedure can go on for over 1 year. If you want to liquidate a company in Germany, be prepared to pay around £4,000 plus VAT. However, if you cannot afford to liquidate, you can sell the company assets such as the machinery and vehicle, and raise the money to repay your creditor. Unfortunately, if the company assets cannot yield enough funds for liquidation, you may have to use your personal funds. Ensure you thoroughly discuss such with your insolvency practitioner.