Company dissolution is never an easy decision for any enterprise. Whether due to poor business performance, strategic changes, or shareholder requirements, this process demands precision, legal compliance, and risk minimization. With extensive experience in legal consulting, APEX PARTNERS is a trusted advisor that has supported hundreds of businesses in achieving fast, compliant, and cost-effective company dissolutions.

What is Company Dissolution?

Company dissolution is a legal procedure that terminates a business’s existence in accordance with the Law on Enterprises. After fulfilling all financial obligations, liquidating assets, and receiving approval from the business registration authority, the company is officially removed from the legal system.

The dissolution process must be conducted transparently and in the correct order to avoid risks related to taxation, legal liabilities, and obligations to employees and business partners.

Reasons Why Businesses Choose to Dissolve

• Prolonged Financial Difficulties: Loss of solvency, insufficient revenue to cover operating expenses, and inability to access additional investment capital.
• Ineffective Business Performance: Consistently declining sales and failure to meet business expectations.
• Internal Conflicts: Disputes among shareholders, capital contributors, or the management board.
• No Longer Aligned with Investor Strategy: The business is no longer part of the investor’s or parent company’s long-term plans.
• Mandated by Regulatory Authorities: Due to serious violations of legal regulations.

Types of Company Dissolution

• Voluntary Dissolution: Initiated by the business itself, based on internal decisions to cease operations, with full compliance with legal obligations.
• Compulsory Dissolution: Enforced when the company’s business registration certificate is revoked or in cases of severe legal violations.

Company Dissolution Process (According to the Latest Regulations)

1. Approval of the Dissolution Decision : Conduct a meeting to approve the dissolution decision, clearly stating the reasons and appointing a representative to handle the procedures.
2. Settlement of Financial Obligations
   • Complete all tax obligations with the tax authority
   • Pay outstanding salaries and benefits to employees
   • Repay debts to partners and banks
   • Liquidate company assets
3. Notify the Business Registration Authority Submit a dossier including the dissolution decision, meeting minutes, list of creditors and employees, tax clearance certificate, and the business registration certificate
4. Disclosure of Dissolution Information: Publish the dissolution notice on the National Business Registration Portal.
5. Receive the result: The Business Registration Authority will issue a notice to remove the company's name from the system within 5 to 7 working days.

Why choose APEX PARTNERS for company dissolution?

• Over 10 years of experience in company dissolution and corporate restructuring.
• A team of lawyers with in-depth knowledge of corporate, tax, labor, and investment laws.
• Comprehensive end-to-end service process from A to Z.
• Post-service customer care policy

Frequently Asked Questions

How is dissolution different from bankruptcy?
Dissolution refers to the voluntary or compulsory termination of business operations while the company is still solvent. Bankruptcy occurs when the company is insolvent and is declared bankrupt by a court.

Can a company be dissolved if it still owes taxes?
No. All tax obligations must be fulfilled before proceeding with dissolution. APEX PARTNERS will assist in working directly with the tax authorities to ensure a swift and efficient process.

How long does it take to dissolve a company?
Typically between 15 to 30 working days, depending on the type of business and the condition of its documentation.

Conclusion

Company dissolution is a crucial step in the business journey, requiring precision and strict compliance with the law. Choosing a professional consulting firm like APEX PARTNERS will help shorten the process, reduce costs, and minimize potential legal risks. Let APEX PARTNERS accompany you — not only at the beginning but also through a transparent and complete closure of your business journey.