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Corporate Structure and Commercial Transactions
Liquidation Procedures
When a company decides to end its activities, the liquidation process covers converting company assets into cash, settling receivables and payables, fulfilling financial and tax obligations and completing the liquidation procedures. We provide professional support for keeping accounting, tax and financial records in order from the start of the liquidation process to its conclusion.
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merit@meritizmir.com.tr · Monday – Friday, 09:00 – 17:00
Scope of our services
- Assessing the company's financial position and its existing obligations relating to liquidation
- Examining the financial and tax consequences of entering liquidation
- Establishing the accounting record system for the liquidation period
- Supporting the preparation of the opening liquidation balance sheet and related financial statements
- Assessing the company's existing assets, receivables and payables
- Examining the financial and tax consequences of disposing of assets and paying debts
- Recording income, expenses and financial movements during liquidation
- Following up book-keeping, tax return and notification obligations for liquidation periods
- Assessing tax obligations arising during the liquidation process
- Examining the financial and tax consequences of distributions to shareholders
- Preparing the final liquidation balance sheet and closing entries
- Supporting the financial and record-keeping processes for concluding the liquidation and removing the company from the trade registry
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