Closing a limited liability company

A common way to close a limited liability company is by going into liquidation. The liquidation procedure includes several phases: it is therefore not sufficient to simply submit a notification to the Trade Register to close a limited liability company.

A limited liability company can be closed, i.e. dissolved, by going through any of the following procedures:

• going into liquidation by decision of the General Meeting
• merger
• demerger
• bankruptcy
• deregistration, or liquidation by order of the authority

This section gives you information on how to go into liquidation (see the menu to the left). For general information on mergers and demergers read our instruction Amendment notification of a limited liability company.

Interruption of business

If you interrupt your business for an unspecified or specified period, the interruption will not be entered in the Trade Register. You must however report interruption of business to the Tax Administration by using the amendment notification forms, as the interruption will be recorded in the Business Information System.

If you decide to continue your business later on, you must without delay report it to the Tax Administration by using the amendment notification forms.

Please note: Limited liability companies are principally dissolved by going into liquidation. They are not dissolved through deregistration – the assets of a deregistered company cannot, in most cases, be distributed without liquidation.

Business Information System www.ytj.fi (forms and instructions)