A variety of factors - e.g. retirement, ill health, divorce, inheritance, disputes between associates - may cause a business to be wound up.
When filing for bankruptcy is the only option left for a business owner, it pays to cut losses, initiate proceedings sooner rather than later, and move on to a new business project.
Companies can carry out the winding up procedures online at CFEnet.
Deregistering at the URSSAF
Professional services send their cessation of activities declaration to the business start-up centre of the URSSAF offices.
Completion of liquidation three years after the winding-up of the business is confirmed at a second general meeting, during which the business associates must:
- approve the final liquidation accounts;
- discharge the liquidator from their mandate;
- decide how to distribute any remaining sums.
Formalities required to complete the liquidation process:
- complete the report approving the liquidation accounts and advise the tax authorities that the liquidation process has ended;
- publish the liquidation completion notice signed by the liquidator in a legal gazette;
- file relevant documents with the business start-up centre (CFE).
List of documents required for completing liquidation via a CFE: