Liquidating the Foundation
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Has your foundation achieved its goal or is it time to take a new path? The process of a regular liquidation requires a careful approach, so that everything is completed legally and financially correctly. A regular liquidation often involves more steps and formalities, such as the liquidation of assets and debts, the preparation of an account and accountability, and the legal publication obligations.
We understand how important it is to make this process run smoothly and correctly. Especially because there is often an emotional component to a foundation and its objectives. That’s why we offer a full service package: from guidance through all legal steps to providing the necessary documentation, so you don’t have to worry about loose ends.
Is your interest piqued? Then make an appointment and let us help you professionally complete your foundation.
Using our comprehensive service, you independently wind up your limited company for a fixed fee.
A foundation must be dissolved when it has achieved its goal, stops its activities or can no longer remain active. This process can take place through a regular liquidation, carefully handling all assets, liabilities, and liabilities. In specific cases, an accelerated procedure, such as the turbo liquidation, can be applied, but a regular liquidation is necessary if there are still assets, debts or current liabilities.
A regular liquidation is required when a foundation has assets (assets), liabilities (debts), or ongoing liabilities that must be settled before the foundation can be dissolved. This process involves a series of key steps, such as:
A regular liquidation requires a careful and meticulous approach to ensure that all financial and legal obligations are fully met. This process is more complex and time-consuming than a turbo liquidation, but is necessary when the foundation still has obligations.
We offer expert guidance through the entire process of regular liquidation, ensuring that everything is handled smoothly and correctly.
A regular liquidation is necessary when a foundation still has assets (assets), liabilities (debts) or current obligations. This process requires due diligence and consists of multiple steps to ensure that all financial and legal matters are handled correctly.
The steps of this process are described in detail below.
The first step is to consult the articles of association and deed of incorporation of the foundation. This describes how the foundation may be dissolved and what should be done with any surpluses or debts.
Important points to check:
It is very important to follow the articles of association closely, as deviations can lead to legal complications.
The board must take a formal decision to dissolve the foundation. This decision is often made during a board meeting and must be recorded in the minutes.
The decision includes, among other things:
The minutes must be signed by all board members and are an important piece of evidence during the further steps in the liquidation. Do you need help preparing the minutes? Please contact us.
During the liquidation phase, all financial affairs of the foundation are settled. This includes:
The liquidator is responsible for this phase and ensures that everything is handled correctly and transparently.
After handling all assets and liabilities, the liquidator prepares a financial report, also known as the “account”. It describes in detail how the financial resources have been managed and distributed.
This document should be:
In order to inform interested parties about the liquidation, the liquidator must publish an official announcement in a nationally distributed newspaper. It states:
After publication, a statutory objection period of at least two months begins. During this time, creditors or other interested parties may object to the distribution of funds or the dissolution of the foundation.
If an objection is filed, the liquidator must deal with it or take legal action. Only after this period has expired can the process be continued.
After the objection period, any remaining funds will be paid out in accordance with the articles of association or the board resolution. If there are no objections, the foundation will be formally dissolved.
The liquidator ensures that the administration is completed correctly and draws up a closing balance sheet in which all financial transactions are listed.
The final step is the deregistration of the foundation from the Chamber of Commerce. To do this, the liquidator must:
As soon as the Chamber of Commerce has processed the deregistration, the foundation will cease to exist as a legal entity.
A regular liquidation can be a complex and time-consuming process. We understand the importance of completing this process carefully and professionally. We offer:
Dissolve the foundation through a regular liquidation? Contact us for more information or a no-obligation appointment. We take care of everything for you, so that you can complete this process with peace of mind.
No, a board meeting is essential to formally decide on the dissolution of the foundation. According to the law and the articles of association of the foundation, a majority of the board must agree to the decision to dissolve. This decision must be recorded in minutes or a separate document signed by all board members. Without this formal decision, the process of dissolution is not legally valid.
If not all directors are able to sign, for example due to death or a conflict, there are alternatives. Please contact us if you find yourself in this situation.
Before a foundation can be dissolved, all current agreements must be terminated or transferred. Think of rental contracts, lease agreements or employment contracts. The board must agree in writing with the other party that the agreement will be terminated.
If this is not possible, a regular liquidation may be necessary to meet the obligations. In complex situations, we offer expert guidance to ensure that everything is handled correctly.
A foundation with debts cannot be dissolved through a turbo liquidation. In this case, a regular liquidation is required. The liquidator ensures that the debts are paid off before the foundation is definitively terminated.
If the debts cannot be paid in full, bankruptcy proceedings must be initiated. In some cases, creditors may agree to alternative arrangements, such as a settlement or waiver, which can help avoid bankruptcy.
The remaining assets of a foundation must be divided according to the articles of association. Often this capital is transferred to an organization with a similar purpose. If the articles of association do not contain a specific regulation, the board may determine a destination itself, as long as this fits within the original objectives of the foundation.
The distribution must always be transparently recorded in the accounts and approved by stakeholders.
In most cases, the involvement of a notary is not mandatory when dissolving a foundation. A notary is only needed if the articles of association require it or in the case of special agreements. The process of both a regular liquidation and a turbo liquidation can usually be carried out without notarial intervention, provided that all documents are drawn up and submitted correctly. We can help you with this.
The time it takes to dissolve a foundation depends on the method chosen:
We help you to go through this process as efficiently as possible.
The cost differs depending on the method:
With us you can have a foundation dissolved at a fixed low rate, including guidance and legal documentation. Interest? Please contact us .
an online turbo liquidation from €289
Lifting BV.nl starts the decomposition process within one day
More than 10 years of experience in legal services
More than 15 years of experience in legal services. Specialist in the dissolution of BVs. Within 24 hours, the process is started at the most advantageous fixed rates.
Lifting BV.nl
Nieuwe Hilversumseweg 25
1406 TB Bussum
Email: info@opheffen-bv.nl
Chamber of Commerce: 65680170
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