Liquidation of LLC

Hello forum users. My colleagues and I opened a company like LLC quite a long time ago. But our so-to-speak union has broken up and many have decided to go their own way and open other businesses. So we thought about the elimination. How to do it?

Before learning about how to start an llc you should have studied this topic with liquidation as well. If the need arises, the LLC can be closed. If it comes to bankruptcy, there is a separate procedure involving the arbitration court with a bankruptcy trustee. If the participants have decided to liquidate the LLC voluntarily, this requires their decision and a number of documents to be submitted to the tax authorities. The procedure will not be quick - not less than three months.

I would like to add that there is an alternative to liquidation and this is the sale by participants of their shares, or the division of the company into several legal entities.

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