Terminating a company

An expert to help and support you with ending your business operations

Terminating a company is a process with many stages and many regulations to follow, regardless of whether the organisation in question is a limited liability company, a sole trader or a partnership. An experienced tax specialist as a partner helps you make sure that all the termination stages and the authority procedures go by the book, both from the perspective of the company and its owner. Rantalainen provides you with all services related to ending business operations, regardless of the type of your organisation:

Dissolution of a limited liability company through a liquidation proceeding includes several stages and notifications to authorities. When planned and implemented correctly, terminating business operations can be done with both the shareholder’s and the company’s best interests in mind. We review the termination options for different types of organisations case by case, and are happy to help you complete your entire dissolution process.

Dissolution of an open and limited partnership is mostly done based on a unanimous decision by the partners and by registering the termination with the Finnish Trade Register. If the partners cannot come to an agreement, it is possible for a partner to apply for the dissolution of the partnership and a dissolution decision entitling them to a division of assets via a court of justice. There are many topics requiring special expertise related to the dissolution of an open and limited partnership, such as handover of assets and taxation of the remaining funds.

Terminating a sole trader company only takes one notification to the Trade Register. However, in practice, terminating the company often includes special factors related to taxation and contracts, which need to be planned for and executed correctly. As a sole trader is personal to the person involved, its business must first be transferred through an asset deal. The dissolution stage involves several special factors related to taxation and contracts that should be reviewed in advance.

Dissolution of a company must take place in accordance with the company’s own rules and the Association Act. The rules determine for which purposes the company’s remaining assets should be used. Especially in cases where the company has practiced taxable business, questions related to income generation of accounting values and returning value-added tax should be assessed in advance.

Terminating a permanent business location in international situations involves several factors requiring special competence.