How much does it cost to put a company into voluntary liquidation in Germany? What happens if I can’t afford to liquidate?
Doing Business is a Questions & Answers Platform for Entrepreneurs. Ask any business-related questions and get answers from experienced businessmen from all over the world. Answer questions from others and earn money.
Doing Business is a Questions & Answers Platform for Entrepreneurs. Ask any business-related questions and get answers from experienced businessmen from all over the world. Answer questions from others and earn money.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
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.