Completion of the liquidation process of one of the oldest electro-construction companies in Latvia
Law office “Rasa and Esenvalds” has completed a complicated voluntary liquidation process for one of the oldest and most sustainable electro-construction companies in Latvia.
Like human life is not eternal, the life of every business, which is often not limited in time, begins with registration and ends with its liquidation. Not always liquidation is a consequence of the insolvency process, sometimes the company lives with a person who goes on a well-deserved vacation after a well-done job, voluntarily putting an end to his lifelong work.
Due to the long history of the company, the considerable amount of assets and the long-term accumulated profits and the changing tax policy, the liquidation process was quite complicated, but it has been successfully completed.