Liquidation of the PMC

The liquidation of the PMC is a complex process that includes many stages. For its successful implementation, it is necessary to attract highly specialized specialists who will provide qualified consulting support, preparation of a complete package of necessary documentation, effective interaction with government agencies, creditors, investors, banks.

The main stages and features of the liquidation of the PMC

To close a private unitary enterprise, it is not enough to simply stop or stop its operation, functioning. To do this, you need to go through a complex and lengthy procedure. The liquidation of the PMC, in accordance with the current legislation of the Republic of Belarus, implies:

• Preparation and decision-making on the completion of commercial activities;
• Calculation and dismissal of employees in accordance with the Labor Code of the Republic of Belarus;
• Inventory of assets and balances;
• Preparation of liquidation documentation;
• Conducting inspections by regulatory authorities;
• Resolution of disputes with creditors, debtors, banks and investors;
• Drawing up the final balance sheet of a private unitary enterprise;
• Archiving of documentation with subsequent transfer to the registration authority.

Subject to difficult solvable issues between the founders, as well as with creditors, debtors, investors, the liquidation of the PMC takes from 3 to 8 months. This period may increase if there are debts, outstanding liabilities or insufficient assets to repay them on the company’s balance sheet.

Liquidation of the PMC in the Republic of Belarus

The main difficulty of the procedure is the need to process large amounts of data and information, as well as strict compliance with the requirements and standards of the regulatory framework. Without the help of an experienced lawyer and financial consultants, it is extremely problematic for an entrepreneur to go through the liquidation of a private security company in the Republic of Belarus without penalties, bureaucracy and deliberate delaying of the process. LLC «Borius Consulting» provides an expanded range of legal services for business at a high professional level. With the assistance of the company’s specialists, the liquidation of the PMC will be much faster and easier, which will save both time and material resources.