The liquidation balance sheet is a accounting document realized during the sale or dissolution of a company. It is actually the representation of the accounts of a company: it is thethe balance sheet which closes the liquidation of the company.
This document is obligatory and must be sent to the registry. The liquidation report must be carried out as soon as the activity of the company ceases. This end can take different ways: it can be due to a cessation of activity or the dissolution of the company (closure of judicial liquidation, early dissolution, corporate purpose achieved, initial duration reached…).
So the cessation of activities involves lengthy procedures. We are therefore going to take stock of what this liquidation balance sheet is and how to achieve it.
Do not confuse with judicial liquidation
Unlike an amicable liquidation, the judicial liquidation is a collective procedure which takes place following a judgment. A company was placed in compulsory liquidation after having found itself in insolvency and a reorganization plan failed or was impossible to put in place.
What is the liquidation closing balance sheet?
A person, called the amicable liquidator, will be in charge of writing this liquidation closing balance sheet, as well as the income statement and appendices. This file makes it possible to give a clear statement of the financial and patrimonial situation of the company.
This liquidation report records the sale of assets, settlements of debts and payments of debts. The subtraction between assets and liabilities results in the liquidation bonus (if the result is positive) or the liquidation penalty (in the event of loss). In short, it is a classic balance sheet except that it is the last of the company.
How to carry out the liquidation balance sheet?
The appointment of the amicable liquidator
During the general meeting which marks the closure of the company, an amicable liquidator is appointed. It is he who manages the liquidation operations of the company. This report must be drawn up within a month.
Be sure to take care to draw up a report of dissolution; this document entails the liquidation and the appointment of the amicable liquidator.
Liability clearance
The mission of the amicable liquidator is toclear the liabilities by realizing the asset. These legal terms mean that he will sell the assets of the company to pay off all the debts. You should know that the sale of goods is made within the limit of the payable liabilities: that is to say all the debts that have come due and not settled that the creditors are entitled to demand immediate payment. .
In the event that, after the settlement of debts, there is money left in the accounts, we talk about society in bonus (or liquidation bonus); otherwise, it is a liquidation mali : the assets were not enough to clear the liabilities.
Closing of liquidation operations
Following this, the amicable liquidator summons all the partners who note this liquidation closing balance sheet. They rule on the liquidation accounts, discharge the liquidator and discharge him from his duties.
On this occasion, a report is drawn up. It must then be registered with taxes and be accompanied by the liquidation surplus. The last taxes payable must be paid when due.
This conclusion of liquidation must be made within three years following the dissolution of the company.As soon as the partners have decided on the closing of the liquidation operations, the liquidator begins the steps to request the delisting from the company.
