Liquidations
We wind up companies that are no longer needed, until their deletion from the commercial register.
There are two options for winding up a company that is no longer needed. Either the company is acquired by Blitzstart for liquidation purposes, or Blitzstart appoints a liquidator without acquiring the shares in the company being liquidated.
Blitzstart acquires the company for the purpose of liquidation and subsequently carries out the winding-up itself. With the sale, the former shareholder's involvement in the process ends, and the company is immediately removed from the accounts. The purchase price – the value of the liquid equity, less liquidation costs and outstanding liabilities – is available immediately as liquidation proceeds. Blitzstart handles the winding-up through to deletion from the commercial register, including the statutory retention obligations. Entire holding structures can also be liquidated in this way.
If the company is not to be sold, Blitzstart provides a managing director to act as liquidator. The company remains with its shareholder. The winding-up process – from realising the company's assets to satisfying creditors and deletion from the commercial register – is carried out by the appointed liquidator. This route is suitable where an acquisition is not an option, or where the company is to remain in the shareholder's ownership until the process is completed.
Wind-Down Ready
A company that has served its purpose should come to an orderly end. Blitzstart takes care of this. We buy a company that is no longer needed so that it may be removed from your books immediately, and you no longer have to deal with the actual winding-up. Alternatively, we appoint a liquidator without acquiring the shares. In both cases, we take care of all the necessary administrative steps through to the company's final deletion from the commercial register. We also wind up entire holding structures. Costs are transparent and manageable throughout.
Additional Corporate Services
- Directorship: Additional Corporate Services
- Business Address: Additional Corporate Services
- Administration & Secretarial: Additional Corporate Services
- Transparency Register: Additional Corporate Services
- Tax & Accounting: Additional Corporate Services
- Corporate Restructuring: Additional Corporate Services
More information
Blitzstart acquires the company that is no longer needed at the value of the liquid equity less liquidation costs and outstanding liabilities and appoints a new management. The company can thus be written off immediately from the former shareholder's books, and the purchase price is available at once as the liquidation estate. Blitzstart handles the further winding-up until deletion from the commercial register.
Instead of a fee, the acquisition is to the fore: Blitzstart acquires the company at the value of the liquid equity less liquidation costs and outstanding liabilities. The specific calculation is set out in the individual offer.
For the former shareholder, involvement ends with the sale and the transfer of the interests. The subsequent winding-up until deletion is carried out by Blitzstart; its duration depends on the statutory requirements of the liquidation procedure and the structure of the company.
The shareholder provides the information on the company, the liquid equity and outstanding liabilities and the identification documents and transfers the interests. The entire winding-up, including the statutory retention obligations, is then handled by Blitzstart.
A voluntary liquidation requires a solvent company that can service its liabilities. In the event of illiquidity or over-indebtedness, a statutory obligation to file for insolvency exists; a free liquidation is then no longer possible. The assessment in each case requires legal review.