According to provisions of Article 468 of Law on Business Companies, business company shall be dissolved by deletion from the register of economic operators in case of:
- Liquidation or forced liquidation in accordance with this Law
- Bankruptcy proceedings in accordance with the law governing bankruptcy and
- A status change resulting in the dissolution of a company.
Liquidation of the company is the process of dissolution of the solvent company and can be: voluntary and forced.
Voluntary liquidation of the company is run by the decision of the owner of the company, as opposed to the forced liquidation, which starts in the cases provided by law Continue reading Voluntary liquidation of the company – legal aspect