{"id":890,"date":"2024-02-18T07:21:42","date_gmt":"2024-02-18T05:21:42","guid":{"rendered":"https:\/\/klraamatupidamine.ee\/?p=890"},"modified":"2026-10-17T13:55:44","modified_gmt":"2026-10-17T10:55:44","slug":"ettevotte-likvideerimine","status":"publish","type":"post","link":"https:\/\/klraamatupidamine.ee\/en\/ettevotte-likvideerimine\/","title":{"rendered":"Company liquidation: steps, duration and cost"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>In short:<\/strong> liquidating a company is a process defined by law. The shareholders make a decision, a liquidator is appointed, creditors have <strong>4 months to submit their claims<\/strong>, after which the assets are distributed and the company is deleted from the Business Register. Altogether it usually takes <strong>6\u201312 months<\/strong>.<\/p><p class=\"kl-note wp-block-paragraph\">Last updated: 16 October 2026. Tax rates may change; before making a bigger decision, check the latest information from the <a href=\"https:\/\/www.emta.ee\/\" target=\"_blank\" rel=\"noopener\">Tax and Customs Board<\/a> or ask us.<\/p><h2 class=\"wp-block-heading\">Why do entrepreneurs liquidate a company?<\/h2><ul class=\"wp-block-list\"><li>Their focus has changed and the old company has been left \u201changing\u201d with no activity.<\/li><li>The company's purpose has been fulfilled, for example in the case of a project company.<\/li><li>The business is no longer profitable.<\/li><li>They want to be rid of the administrative burden of reporting and obligations.<\/li><\/ul><p class=\"wp-block-paragraph\">A company with no activity must still submit an annual report. If it isn't submitted, the registrar may compulsorily dissolve the company, which is an unpleasant process for the board member.<\/p><h2 class=\"wp-block-heading\">Liquidation steps<\/h2><ol class=\"wp-block-list\"><li><strong>Resolution and liquidator.<\/strong> The shareholders decide to liquidate the company and appoint a liquidator. The resolution is entered in the Business Register.<\/li><li><strong>Notice to creditors.<\/strong> The liquidator publishes a notice in the Official Announcements (Ametlikud Teadaanded). Creditors have 4 months to submit their claims.<\/li><li><strong>Putting the accounts in order.<\/strong> An opening liquidation balance sheet is prepared, and tax obligations and claims are checked.<\/li><li><strong>Paying debts and distributing assets.<\/strong> Once the deadline for claims has passed, the debts are paid and the remaining assets are distributed among the shareholders.<\/li><li><strong>Final balance sheet and deletion.<\/strong> A final liquidation balance sheet and a distribution proposal are prepared, and an application for deletion is submitted to the Business Register.<\/li><\/ol><h2 class=\"wp-block-heading\">Examples<\/h2><p class=\"wp-block-paragraph\"><strong>Example 1.<\/strong> An entrepreneur set up a small O\u00dc to provide services, later sold the business and moved abroad. The company stood idle: it earned no income, but reports still had to be submitted. Liquidation freed them from all future obligations.<\/p><p class=\"wp-block-paragraph\"><strong>Example 2.<\/strong> The owner of a manufacturing company sold the business to a larger group and liquidated the old company to avoid later confusion and double costs. Without proper liquidation, the company could have been left with tax debt and reporting obligations for years to come.<\/p><h2 class=\"wp-block-heading\">How KL Raamatupidamine helps<\/h2><ul class=\"wp-block-list\"><li>We draw up the liquidation resolution and help appoint the liquidator.<\/li><li>We put the accounts in order and prepare the liquidation balance sheets.<\/li><li>We publish the notice to creditors and communicate with the authorities.<\/li><li>We prepare the asset distribution and the application for deletion.<\/li><\/ul><h2 class=\"wp-block-heading\">Price<\/h2><figure class=\"wp-block-table kl-table\"><table><thead><tr><th>Service<\/th><th>Price (+ VAT)<\/th><\/tr><\/thead><tbody><tr><td>Liquidation of a dormant company<\/td><td>from \u20ac399<\/td><\/tr><tr><td>Liquidation of an active company<\/td><td>from \u20ac600 + accounting costs<\/td><\/tr><\/tbody><\/table><\/figure><p class=\"wp-block-paragraph\">We'll give you an exact price once we've reviewed the company's situation. You'll find more information on our <a href=\"\/en\/ettevotete-likvideerimine\/\">company liquidation page<\/a>.<\/p><h2 class=\"wp-block-heading\">Frequently asked questions<\/h2><details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary>How long does liquidating a company take?<\/summary><p class=\"wp-block-paragraph\">Usually 6\u201312 months. The deadline for creditors to submit claims alone is 4 months.<\/p><\/details><details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary>Does an O\u00dc with no activity have to submit reports?<\/summary><p class=\"wp-block-paragraph\">Yes. The annual report must be submitted even if there was no activity.<\/p><\/details><details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary>Can I do the liquidation myself?<\/summary><p class=\"wp-block-paragraph\">You can, but mistakes are often made in the documents, notices and tax calculations, which drags out the process. With an experienced partner it goes more smoothly.<\/p><\/details><div class=\"wp-block-group kl-post-cta has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\"><h3 class=\"wp-block-heading\">Want to close your company?<\/h3><p class=\"wp-block-paragraph\">Tell us about your situation and we'll tell you how liquidation would work for your company and what it would cost.<\/p><div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/zcal.co\/klraamatupidamine\">Book a free introductory call<\/a><\/div><\/div><\/div><p class=\"kl-note wp-block-paragraph\">Sources: Commercial Code (<a href=\"https:\/\/www.riigiteataja.ee\/\" target=\"_blank\" rel=\"noopener\">Riigi Teataja<\/a>), <a href=\"https:\/\/abiinfo.rik.ee\/\" target=\"_blank\" rel=\"noopener\">RIK help information<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>L\u00fchidalt: ettev\u00f5tte likvideerimine on seaduses kindlaks m\u00e4\u00e4ratud protsess. Osanikud teevad otsuse, m\u00e4\u00e4ratakse likvideerija, v\u00f5lausaldajatel on n\u00f5uete esitamiseks 4 kuud, seej\u00e4rel jaotatakse vara ja ettev\u00f5te kustutatakse \u00e4riregistrist. Tervikuna kestab see tavaliselt 6\u201312 kuud. Viimati uuendatud: 16. oktoober 2026. Maksum\u00e4\u00e4rad v\u00f5ivad muutuda, kontrolli enne suuremat otsust v\u00e4rsket infot Maksu- ja Tolliametist v\u00f5i k\u00fcsi meilt. Miks ettev\u00f5tjad ettev\u00f5tte [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2819,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[10,34],"tags":[],"class_list":["post-890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ettevotlus","category-ettevotte-likvideerimine"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.3 - aioseo.com -->\n\t<meta name=\"description\" content=\"Kuidas O\u00dc likvideerida? Likvideerimise sammud, 4-kuuline v\u00f5lausaldajate t\u00e4htaeg, kestus 6\u201312 kuud ja hind alates 399 \u20ac + KM. 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