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Business in my company is not going well, and I would like to close down my company.
What should I do?
Answer from Attorney*First of all, we will start by understanding your situation, and then make suggestions for the best solution, after considering whether or not you really have to close down your company, whether or not your company can maintain business by civil rehabilitation, and whether it would be better to enter bankruptcy proceedings or to enter voluntary adjustment when actually closing down.
It takes much time and trouble to hold discussions with the trustee in bankruptcy or to hold creditorsf meetings, when entering bankruptcy proceedings. Also, problems may occur between the company and the creditors, and it would be difficult to deal with bankruptcy until the end on your own. Saving time and trouble is also one thing, but by lawyers standing in between the company and the creditors, your mental burden would probably also become lighter.
In addition, when business in a company is not going well, there is always influence on the companyfs president, also. We will give advice on proceedings to protect the presidentfs property and everyday life, while advancing the companyfs liquidation. Of course, when it is necessary to make a fresh start, we will help with personal bankruptcy proceedings, also.
Answer from Judicial Scrivener*We will take charge in the registration proceedings, including dissolution registration, making public announcements regarding credit reports, and completion of liquidation.
Answer from Tax Accountant*We will do the preparation of business reports concerning settlement of dissolution and liquidation.
When dissolving the company, there are different rules for tax reports, such as the rule that accumulated deficits since foundation of the company may be added up for aggregation.
We will give advice on the best timing to dissolve your company, while backing up on the preparation of tax reports at the time of dissolution and liquidation.
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