Corporate changes
Company liquidation
Winding up a company properly, step by step — from the decision to dissolve to removal from the Commercial Register.
I’m interested in this serviceA company does not cease to exist just because it stops trading. It ceases only on removal from the Commercial Register — and while it is registered, it pays for accounting, files tax returns and pays the minimum tax.
Liquidation is the route for a company that can settle all its liabilities and is meant to cease to exist. It follows statutory steps and time limits: it takes at least six months and in practice about a year. We handle the whole process for you, and first check with you whether selling the company would be a faster and cheaper alternative.
- 6+ months is the statutory minimum for liquidation
- ≈ 12 months the whole process takes in practice
- €1,500 deposit for the liquidator’s fee and expenses
- €0 minimum tax for the liquidation period
Which route suits your company?
Two questions will tell you whether liquidation is the right choice. The result is indicative — we always assess the exact approach together.
01 / 02
Is the company insolvent?
It cannot pay at least two debts to more than one creditor more than 90 days past due, or its debts exceed its assets.
02 / 02
Is it enough for you to leave, even if the company carries on?
The company would continue with a new owner; you would no longer be part of it.
Recommended route
Bankruptcy
An insolvent company cannot be resolved by liquidation or a sale. A bankruptcy petition must be filed within 30 days of discovering insolvency — this is the managing director’s duty. Get in touch as soon as possible and we will help with the next steps.
Recommended route
Share transfer
A debt-free company continues with a new owner and you leave it, usually within one to two weeks of filing. It is faster and cheaper than liquidation.
Recommended route
Liquidation
The company settles its liabilities, distributes any remaining assets among the shareholders and ceases to exist. It is the right choice when assets remain in the company or you want it closed for good.
Four ways to part with a company
A quick comparison of how long each route takes, what it costs and how it ends.
| Route | Duration | Costs | Company at the end | Suitable for |
|---|---|---|---|---|
| Liquidation | min. 6 months, ≈ a year in practice | approx. €2,300 – 3,200 | ceases to exist | a debt-free company that should close or has assets to distribute |
| Share transfer | 1 – 2 weeks | depends on scope, usually lower | continues with a new owner | a debt-free company you no longer want to own |
| Bankruptcy | depends on the court and assets | set by the court | ceases to exist | an insolvent company — it is a legal obligation |
| Dissolution by court | months, after a call to remedy | not your decision | ceases to exist | not a planned route — complications are likely |
Amounts are indicative for a typical s. r. o. We always assess the exact costs based on the state of the company.
How liquidation works
An approximate timetable for a typical liquidation. Statutory time limits cannot be shortened; we prepare the other steps without unnecessary delays.
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Start
Decision and deposit
The shareholders resolve to dissolve the company with liquidation and appoint a liquidator. A €1,500 deposit is placed in notarial custody.
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Month 1
Registering the liquidation
We file the application with the Commercial Register. From registration, the company trades as “in liquidation” and the liquidator acts instead of the managing director.
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Months 1 – 3
Accounts and notice to creditors
Extraordinary financial statements and a tax return as of the date of entering liquidation. A notice in the Commercial Bulletin invites creditors to lodge their claims.
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Months 2 – 9
Settling liabilities
The liquidator realises assets, collects receivables and pays debts. If the assets turn out to be insufficient, a bankruptcy petition must be filed.
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Months 9 – 11
Final report and balance
Final financial statements, a report on the liquidation and a proposal for distributing the liquidation balance among the shareholders.
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After 6 months at the earliest
Removal from the register
We file for removal. The company ceases to exist on removal; the notary releases the deposit to the liquidator 30 days afterwards.
What liquidation costs
The largest item is the deposit, which is used solely for the liquidator’s fee and expenses.
approx. €2,300 – 3,200 in total
- Deposit in notarial custody
- €1,500
- Fees, accounting and filings
- €800 – 1,700
The law does not provide for returning the deposit to the shareholders — after removal, the notary releases it to the last registered liquidator.
What a company costs if you just leave it
An s. r. o. cannot be suspended. Even without a single transaction, it pays the minimum tax and must meet its obligations to the authorities.
€1,020 in minimum tax alone
- Accounting and financial statements every year — even empty ones
- Corporate income tax return
- Monitoring the electronic mailbox
- Registered office, if you pay for one
No minimum tax is due for the liquidation period.
Watch out for insolvency
When a company cannot pay its debts, liquidation is not the answer.
If a company is insolvent, the law requires bankruptcy. Neither a share transfer nor liquidation resolves insolvency.
- 90 days
past due on at least two debts to more than one creditor = inability to pay
- 30 days
for the managing director or liquidator to file for bankruptcy after discovering insolvency
- €12,500
contractual penalty payable by a director or liquidator who breaches this duty
Over-indebtedness is also insolvency — the company has several creditors and its debts exceed its assets.
What happens if you ignore the company
Doing nothing is not a way to close a company. The court can dissolve it on its own — and then you no longer decide how.
- 3 / 6 months
Grounds for dissolution
The company has had no managing director for more than 3 months or has not filed its financial statements for more than 6 months.
- 90 days
Court notice
If the grounds can be removed, the court sends a notice with a deadline to remedy them.
- 90 days
Presumed insolvency
If the company does not enter liquidation after the notice is published, the law presumes it is insolvent.
- 6 months
Removal without liquidation
If nobody pays the liquidator’s deposit and no bankruptcy is opened, the court removes the company.
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Liability does not end
No route releases a managing director from liability for damage caused by breaching their duties while in office.
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Cooperation even afterwards
A former managing director must, on request, cooperate with the court, tax authority, insurers or bailiff for the period they held office.
What we take care of
- Assessing the company and recommending the right way to close it
- Resolution to dissolve with liquidation and appointing the liquidator
- Arranging the deposit and filing to register the liquidation
- Publishing the notice to creditors in the Commercial Bulletin
- Extraordinary and final financial statements, tax returns
- Final report, distribution proposal and application for removal
Who the service is for
- Debt-free companies ceasing their business
- Dormant companies that only generate costs
- Companies with assets to distribute among shareholders
- Owners simplifying their structure
How we work together
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Company assessment
We review liabilities, assets and outstanding obligations and tell you whether liquidation really is the best route.
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Entering liquidation
We prepare the resolution, the liquidator’s appointment and the filing. You just sign.
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During liquidation
We publish the notice to creditors, handle accounting and tax returns and keep track of all statutory deadlines.
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Removal from the register
We prepare the final report and balance distribution and see the process through to the company’s removal.
We handle the entire process for you — from preparing the documents to registration. All you do is review and sign.
The information on this page is general, based on Slovak law in force in 2026, and is not legal or tax advice for a specific case. We assess the exact procedure, deadlines and costs based on your company.
Frequently asked questions
How long does liquidation take?
At least six months by law, usually about a year in practice. Statutory time limits cannot be shortened; we will give you a more precise estimate after assessing the company.
Can I just suspend an s. r. o.?
No. A trade licence can be suspended, a company cannot. While an s. r. o. is registered, it keeps accounts, files tax returns and pays the minimum tax of €340 a year.
Is minimum tax due during liquidation?
Not for the liquidation period. For a period before entering liquidation shorter than a year, a proportional part is due based on the number of months.
Will I get the €1,500 deposit back?
The deposit covers the liquidator’s fee and expenses. After removal, the notary releases it to the last registered liquidator; the law does not provide for returning it to the shareholders.
What if the company turns out to have more debts than assets during liquidation?
In that case the liquidator must file for bankruptcy. That is why we review the company before it enters liquidation.
Is selling the company faster than liquidation?
Yes, a share transfer usually takes one to two weeks. However, the company does not cease to exist but continues with a new owner — and it is only suitable for a debt-free company.
Can I keep doing business after liquidation?
Yes. You can set up a new company, be a managing director elsewhere or trade as a sole trader.
Contact
Let’s go through your situation together
Tell us what you need to arrange. We will assess the options and propose the next steps.
- +421 918 649 396
- info@bizcorp.sk
- Opening hours: Monday – Friday, 8:00 – 17:00