LLC will get the refusal in liquidation in case of violation of terms

A limited liability company may be liquidated voluntarily in accordance with the procedure established by the Civil Code of the Russian Federation. At the same time, the Federal Tax Service reminds on its website that the term of the company’s liquidation cannot exceed one year.

If the company’s liquidation cannot be completed within the specified period, it can be extended by the court order, but not for more than six months.

Members of a company can decide to liquidate it earlier, for example, within six months, and fix the term in this decision.

If the documents for the liquidation of an organization are submitted to the registration authority outside of this period, and the company does not have evidence of extension in court, this violates the procedure for liquidation of the LLC and that is the basis for refusing in state registration of the company’s liquidation.