Liquidation

When there is a need to liquidate businesses or companies, NORMA has the expertise and experience to effectively navigate through the liquidation process.

In brief, the liquidation process involves the following.

• The decision to liquidate is taken by the general meeting. NORMA offers guidance on the initial steps to be taken and the formalities needed.
• A liquidator is appointed to manage the liquidation, following legal guidelines to ensure a correct and efficient process. A thorough investigation of assets and liabilities is carried out to create a transparent picture of the company’s finances prior to the liquidation.
• The liquidator applies for a summons to unknown creditors, which is then issued by the Swedish Companies Registration Office, to clarify the company’s debt stock.
• Assets are sold to cover debts and the surplus is then distributed to the shareholders.
• The liquidator submits a final statement to the Companies Registration Office to finalise the liquidation. The company is then dissolved.

At NORMA, we are ready to guide and support our clients throughout the liquidation process. Contact us to discuss your specific needs and we will customise our services to meet your requirements in the best possible way.