There may be a variety of reasons that one wants to dissolve their company. There are a number of procedures that you need to do which is tiresome, but with the help of Thailand Lawyers, you won’t need to worry much about these issues. If you fail to clean up after your business, you may end up with unpaid business fees and taxes, or even worse you’ll be vulnerable to lawsuits.
Prepare for Dissolution:
You need to check your company’s documents and deduce what steps need to be taken for dissolution. This also involves looking at your states dissolution laws. If you are a partner in your company then you need to hold a vote with other members in order to take the next step, it includes shareholders and LLC. Laws in Thailand for business dissolution might be complicated, and if you’re a foreigner, then things will be even more complicated. Thailand Lawyers will help you stay aware of the necessary requirements for dissolution.
Filing for Dissolution:
Obtain the necessary documents for dissolution. Notifying the IRS, this means gathering the list of things you need to keep in mind while dissolving your company. You should also notify your state and taxing agency so that unnecessary payments may not start to build up. You also need to request a tax clearance certificate, while doing so be prepared to pay any kind of tax that might have built up during the time, but this is still better than unnecessary tax building. And finally, you need to get your dissolution certificate as proof. All of this looks way to tiresome, but this can become a lot easy if you dissolve your company with Thailand Lawyers. Thailand Lawyers are aware of all the laws and requirements that you need to dissolve your business, and this will make your work much easier.
Other Dissolution Tasks:
Notifying the creditors should be your number one priority, this includes letting them know that the company is dissolving and giving them a deadline to submit claims. After your creditors have submitted their claims, you need first to verify them as if they are valid or not, if they are paying them as soon as possible and if not then contact your creditor to settle it. Finish up any kind of loans and contracts. Collect money that you earned during the companies running time. Notify your insurance company of any kind of potential claims against your business failing to do so will cost you a lot. Inform your employees and clients in advance so that they can also prepare to take their business elsewhere. Sell your business assets and also close any kind of company credit cards.
Doing all of this is a tiresome task. If you hire Thailand Lawyers to help you dissolve your company, you won’t have to face many of the legal issues instead you’ll be one step ahead of everyone else.
GarnTuntasatityanond & Associates is a Thai Law Firm, oldest criminal law, civil law, family law firm. We’ve experienced attorney, lawyers in Bangkok Thailand.