Company dissolution
Closing a company involves several steps, and it is worth doing it properly so you are not left with debts or obligations. We are with you from start to finish.
What it involves
Dissolving a company is the first step to closing a business in an orderly way. After the partners agree, or when a legal cause arises, the winding-up stage (liquidación) begins: outstanding amounts are collected, debts are paid and the rest is shared out. At the end, the deed of extinction is signed and the company's registration at the Companies Registry (Registro Mercantil) is cancelled.
Is this your case?
- The business no longer works and you and your partners want to close the company.
- You have a company with no activity that keeps generating costs and obligations.
- One of the partners is retiring or going back to their country and nobody wants to carry on.
- Losses have left the company in a situation that forces you to make a decision.
How we help
We review the company's situation, its debts and its outstanding obligations with the Tax Agency and Social Security. We prepare the minutes of the general meeting, the winding-up balance sheet and the deeds, and we coordinate the signing before the notary and the registration. When the closure can be done in a single step, we explain it to you; if not, we are with you at every stage. If there are debts that cannot be paid, we advise you on the options you have. We can help you in Spanish, Arabic, Tamazight, French and English, at our offices in Tenerife, Gran Canaria, Málaga and Barcelona or online, wherever you are in Spain.
If you need to bring the company up to date before closing it, we help you with the filing of accounts and corporate tax.
Frequently asked questions
- What is the difference between dissolving and winding up a company?
- Dissolution is the agreement or the cause that brings the business to an end. Winding up (liquidación) is the next stage, in which amounts owed to the company are collected, debts are paid and whatever is left is shared among the partners. At the end, the company ceases to exist and its registration is cancelled.
- Do I need a lawyer to close a company?
- It is not always compulsory, but the notary, the Companies Registry (Registro Mercantil) and the Tax Agency (Hacienda) are all involved, and a mistake can leave the company improperly closed or with debts. We take care of the process so that nothing is left pending.
- If I close my company, will it affect my residence permit?
- It may affect you if your residence permit is linked to your activity as a business owner. Before closing, we review your immigration situation so that you do not lose your papers.
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We speak Spanish, Arabic, Tamazight (Berber), French and English.