Companies are founded with the desire to realize a business idea. There may be situations where the idea cannot be realized. In this case, the liquidation of the company is on the agenda.

 The financial condition of the company is important when liquidating a company - it determines the possible procedural ways.

 A.     If the company's net assets are positive - then the company is liquidated based on the decision of the shareholders (it is also known as voluntary liquidation). 

 B.     If the company's net assets are not positive, the liquidation is carried out in accordance with the procedure provided for bankruptcy proceedings.

 In what case is the company's net assets not positive? A company's net assets are not positive if the company's financial liabilities are greater than its assets.

 Liquidation based on the shareholders' decision is procedurally much simpler than liquidation through bankruptcy proceedings.

 HELPWAY OÜ specializes primarily in liquidation, if option (A) exists. However , HELPWAY OÜ´s professional team and partner companies are helpful in advising the company´s board to liquidate the company through bankruptcy proceedings. The terms of providing this service and the price of the service need to be negotiated separately in terms of details.

The goal of HELPWAY OÜ is to carry out all operations correctly in accordance with the meaning of the law and taking into account the rights and obligations of all parties in this process.

 To help with liquidation,

 HELPWAY OÜ 

 Margus Randma,

 CEO