Whether voluntary or compulsory liquidation, we will assist and serve our clients by covering the following:
- Defining the most proper liquidation type that fit the company’s financial position, obligations, and the recoverable value for its assets
- Develop an integrated plan for the liquidation process that clarifies its elements and items
- Develop a structure for the liquidation process from departments, divisions, and committees, and define responsibilities with job description for the team
- Define policies and procedures for liquidation work
- Preparing and documenting periodic reports for achievements and issues
- Perform stock count for the company’s assets in the presence of the external auditor
- Evaluating the company’s assets
- Defining the best available methods for selling the assets
- Managing liquidation funds
- Distributing the net of liquidation funds
- Preparation of financial statements along with the final liquidation account
- Write-off the registration of the entity in the Ministry of Commerce and other related authorities