The Corporate Liquidation Process
Closing a foreign company in Brazil involves the full set of regulatory obligations applicable to operations in the country and typically requires a company proxy to represent shareholders during the process.
Company liquidation is the process by which a company ends its activities in an orderly manner, settling obligations and distributing remaining assets to partners.
What is a Liquidator?
The liquidator is the person responsible for conducting the entire liquidation process. They assume the company's administration during this period, with specific powers to:
Types of Liquidation
Voluntary Liquidation
Judicial Liquidation
Liquidation Steps
- Assembly or partners' meeting
- Appointment of liquidator
- Registration with Commercial Board
- Asset survey
- Liability assessment
- Liquidation balance sheet
- Sale of goods
- Credit collection
- Conversion to cash
- Debt settlement
- Legal order of preference
- Taxes and charges
- Distribution to partners
- Proportional to shares
- Closing minutes
Liquidator Responsibilities
Lematt offers professional liquidator services, ensuring your company's closure is conducted with legal security and efficiency.
Understand the fee structure for a legal representative before initiating any liquidation procedure.