Monday 28 September 2015

How to liquidate a company in Spain

The companies in Spain can be liquidated only in certain conditions, according to the local legislation, and there are three major circumstances for this procedure. Our lawyers in Spain can explain you the legal reasons for liquidation and they can help you follow the legal procedure, no matter the type of company you want to close.

A Spanish attorney can represent you in front of the local courts and he will provide legal assistance for all the issues you may encounter during the liquidation procedure. The most common type of liquidation is for limited liability companies that can be closed voluntarily in certain conditions.

No matter the reason for dissolving a company, there is a requirement for organizing a general meeting of the shareholders who will discuss about the liquidation procedure and then a liquidator will be appointed. His mission is to pay the creditors and to share the amount left to the shareholders.   

If you are interested in finding out more details about the liquidation procedure, you may contact our specialists in Spain.