Closing down a limited company

What

It is necessary to differentiate two basic terms – dissolution and termination.

Steps

STEP 1: The dissolution of a company without liquidation is generally understood as its smooth transition to its legal successor.

STEP 2: Liquidation refers to such activities of a business corporation that follow the decision on the termination of its business activities.

Where

Information available in Czech language: http://www.businessinfo.cz/cs/clanky/obchodni-korporace-zruseni-ppbi-50445.html#!&chapter=6