Legal regulation of termination of business entities

Authors

DOI:

https://doi.org/10.33244/2617-4154-1(8)-2022-142-150

Keywords:

termination of business entities, liquidation, reorganization, legal entities, grounds for termination, termination procedure

Abstract

The article includes the social regulation of the solution of economic entities. The important conditions and grounds for the application are supported by the company. Analyzed by the current history of Ukraine in the collection with the influence of companies.

In addition to the reform of the Civil Rights of Ukraine, the study of institutes for legal entities is still important. In the last time, the legal regulation of the Verkhovna Rada on the issue of legal entities is determined, but there are many controversial questions, but there is a protection of the interests of the lord in the fall of the legal lawyers and legal entities. Run. The relevance of the themes and the news of a definite study of the legal framework and the analysis of problematic questions, which are also in this summary, is determined.

There are many reasons for termination of business entities. Improper business conduct can lead to the termination of the enterprise. However, the decision to liquidate the company may be due not only to business difficulties that led to bankruptcy or the decision to terminate the company due to violations of the law, but also the decision of the owner to liquidate for other reasons.

It is argued that the essential difference between liquidation and reorganization is that in the first case there is a final termination of any activity of an entity, in the second - the termination of its operation in a specific organizational and legal form with the replacement of a new one. In both cases, the termination of the entity will no longer existDue to the liquidation of the entity, its activities will be terminated, and in connection with the reorganization, it will continue, but not in the former (which existed before the reorganization), but in the new organizational and legal form of the entity. That is, we can say that the main difference between one method of termination of economic entities from another (liquidation and reorganization) is the legal consequences of the termination of their existence, in the presence or absence of succession. It has been proved that the termination of a legal entity is a complex process. There are two ways to terminate legal entities: liquidation and reorganization. Among the grounds for termination are two groups: voluntary (by decision of the owner) and coercive (by court decision). The liquidation procedure consists of four stages: making a decision on liquidation, informing creditors; settlements with creditors, entry in the Unified State Register of the decision on termination of the legal entity.

Published

2023-11-29

How to Cite

Anistratenko, J., & Luko, J. (2023). Legal regulation of termination of business entities. Irpin Legal Chronicles, (1(8), 142–150. https://doi.org/10.33244/2617-4154-1(8)-2022-142-150