Liquidation of a Limited Company in Colombia

How does the liquidation of a Limited Company in Colombia get carried out? Although it seems obvious, the fact is that the liquidation of a Limited Company in Colombia is highly regulated by national laws, which establishes mechanisms to protect the interests of its partners and employees. For this reason, a firm like Muñoz Abogados plays such a huge role in the process.

Limited Liability Company is generally the most common model for those companies with a small number of partners. Colombia's Commercial Code (Código de Comercio) recognizes several legitimate causes for a liquidation of a Limited Company in Colombia to take place. A team of specialized lawyers is required to properly guide a company through the 11 steps must be met for the liquidation of a Limited Company in Colombia. Ignoring any step or regulation within the process liquidation of a Limited Company in Colombia can lead to a possible lawsuit due to damage claims from the partners.

In these cases, it's better to have the professional services of Muñoz Abogados. A firm who has lawyers that know exactly what to do handle a liquidation of a Limited Company in Colombia. Our legal experts will verify whether the liquidation of a Limited Company in Colombia is viable and complies with the laws and that it does no harm to any of the parties involved. Then, they design a personalized strategy to carefully guide our clients on the steps they must follow to reduce legal risks.

The liquidation of a Limited Company in Colombia usually requires calling a board meeting, where the general manager must explain, according to the Colombian law (Código de Comercio) and their social contract, the reasons why the company should be dissolved. This is one of the strict steps and controls to put in place to guarantee that all those involved the liquidation of a Limited Company in Colombia (partners, shareholders, employees and suppliers) agree. This is why qualified lawyers such as those from Muñoz Abogados, with experience dealing such matters before the proper authorities (Cámara de Comercio) are crucial throughout the liquidation of a Limited Company in Colombia.

For a consultation regarding the liquidation of a Limited Company in Colombia, go ahead and call us at +57 601 7496888 or fill out the form located on this page. One of our lawyers will gladly give you all the information you need about the liquidation of a Limited Company in Colombia.