“Alternative” or, as it is also called, “express” liquidation of a legal entity involves the replacement of officials and owners of the enterprise. Also, in most cases, there is a change of name and legal address. The logical result of this procedure is the complete termination of the relationship of the previous owner and manager with the enterprise. Entering information about the new owner and director into the state register allows you to redirect potential questions from regulatory authorities to new officials of the enterprise. After the relevant changes have been made in the register, addressing such issues as inquiries, seizures, documentary checks are possible only to the new head of the legal entity. In some cases, a resident of another state may become the new owner and director of the enterprise, which additionally guarantees the safety of previous officials.

The most common application of this liquidation method is to limited liability companies and private enterprises (LLC and PE), which, however, does not exclude the possibility of liquidating enterprises of a different organizational and legal form, for example, joint-stock companies, small and subsidiaries, etc. P.

You can read more about the pros and cons of express liquidation of enterprises in in our Blog.