janan
Junior Member
Posts: 18 
|
Post by janan on Jul 22, 2010 15:19:04 GMT 1
Does anybody have any idea what's involved in closing down a company. ie, how much would it cost and how long does it usually take?
Thanks!
|
|
|
|
Post by Madgolfer on Jul 22, 2010 15:29:55 GMT 1
Search the forum as I think this has been discussed here very recently.
|
|
janan
Junior Member
Posts: 18
|
Post by janan on Jul 22, 2010 15:51:53 GMT 1
Hi Madgolfer
Thanks, I did see that thread, it's what prompted me to start this one. It mentioned that the costs, hassle and time involved in closing a company were so great that the OP was tempted to do a runner.
Until I read it I hadn't thought that closing a company might be such a big job, and now I'm wondering how difficult and costly it will be to do it legally (rather than the "smuggling" and "running" being discussed in the other thread ;D )
|
|
rene78
Full Member
[M0:0]
Posts: 53
|
Post by rene78 on Apr 25, 2011 8:07:18 GMT 1
Hi everyone,
Same her. We started our company in 2008 because we wanted to buy property.
We finally did buy last year. Because you can buy property as a legal person we don't need the d.o.o anymore. It is a sleeping d.o.o. but there is a start capital on the bank from 20.000 KN.
We asked how we can close the D.o.o. and at the Notary office they said to don't even start it because it is a lot of work, time and loss of money.
Does anyone here closed their d.o.o. and know what it really takes.
Als, if anyone would like to buy a sleeping d.o.o. you can buy ours.
|
|
|
|
Post by crojoe on Apr 25, 2011 9:47:27 GMT 1
Hi everyone, Same her. We started our company in 2008 because we wanted to buy property. We finally did buy last year. Because you can buy property as a legal person we don't need the d.o.o anymore. It is a sleeping d.o.o. but there is a start capital on the bank from 20.000 KN. We asked how we can close the D.o.o. and at the Notary office they said to don't even start it because it is a lot of work, time and loss of money. Does anyone here closed their d.o.o. and know what it really takes. Als, if anyone would like to buy a sleeping d.o.o. you can buy ours. Yep. Word is out on the street to not even bother to close a d.o.o. as some quote close to 10,000 euros to do the process, a few years of the process. Now, I say this without any first hand experience, nor do I know anyone that tried to close their d.o.o. Seems it’s best to just put it to sleep. You will have to continue to do a 1 year tax file, with zero's. I've heard the transfer of the company can be done, and maybe the best way to go if someone would buy it. I too wonder about that 20,000 capital investment required to open the company. Can it be taken out? Anyone know? |
|
rene78
Full Member
[M0:0]
Posts: 53
|
Post by rene78 on Apr 25, 2011 11:50:35 GMT 1
The Fina told us, that we only can take out the 20.000 Kn if the company is closed or if it is sold.
Our company never started, it is sleeping since 2008, so we have to pay the yearly costs. But we still don't know what the costs are to close it and how mucht work it is.
If anyone is interested to buy it, give me a pm.
|
|
|
|
Post by amatesic on Apr 26, 2011 16:26:33 GMT 1
Hi ... I would be interested in buying a pre-owned company depending on its status ... do debt ... and articles .... (however, that too can be amended).
Contact me on realestate@adriamare.hr
Also I have an accountant friend who I can call in an hour to find out and will post some information then ...
Also, if anyone else wants to sell a company, please let me know because I want to offer this as an option to my real estate clients that are not in the EU.
Right up front .... let me say this ... I am not willing to pay a fee for your companies, just have them taken over .... however I may be able to get back the 20,000 kns invested.
By the way there is a new law that is being proposed and going through parlimant any day now such that just leaving a company with debts is not an option as they intend to process them through a fast bankrupcty process in order to close them ... and then they will come after the individual for the money .... liens on bank accounts etc.
|
|
|
|
Post by gobrea on Apr 26, 2011 21:50:13 GMT 1
By the way there is a new law that is being proposed and going through parlimant any day now such that just leaving a company with debts is not an option as they intend to process them through a fast bankrupcty process in order to close them ... and then they will come after the individual for the money .... liens on bank accounts etc.
*YAWN*
Scaremongering doesn't work here by the way.
|
|
|
|
Post by crojoe on Apr 26, 2011 22:07:32 GMT 1
By the way there is a new law that is being proposed and going through parlimant any day now such that just leaving a company with debts is not an option as they intend to process them through a fast bankrupcty process in order to close them ... and then they will come after the individual for the money .... liens on bank accounts etc. *YAWN* Scaremongering doesn't work here by the way.
Honestly though, there will be no "fast tracking" in this country for another 10 years. They just don't understand the concept, but it sure sounds good for the newspapers. Must be their new word... "Fast track", such as in joining the EU, the fight against corruption, pay the striking farmers, encourage foreign investment. -- Sadly if there's any work involved, well, it's coffee break time.
Have a laugh: 2 rich guys talking about X, discussing if it's work or pleasure. First rich mans concludes it's all a bunch of hard work and not worth the trouble. The second rich man turns to his male butler and asks: Jeeves ol boy, what do you thing X is? Is it all work or pleasure? Jeeves... well sir, must be pleasure, otherwise if there was any work involved you'd have me do it. |
|
|
|
Post by Carol on Apr 27, 2011 12:28:10 GMT 1
there is an option to make your company bankrupt based on it being unable to repay the loan you originally made to it (not the 20k start up capital but any other money you may have lent it and now it cannot repay). I am told that this is a cheaper option than closing the company.
|
|
|
|
Post by crojoe on Apr 27, 2011 12:59:24 GMT 1
there is an option to make your company bankrupt based on it being unable to repay the loan you originally made to it (not the 20k start up capital but any other money you may have lent it and now it cannot repay). I am told that this is a cheaper option than closing the company. TX for that info. Might try it one day when resources dry up. |
|
|
|
Post by Carol on Apr 27, 2011 14:32:19 GMT 1
It may apply to those who set up a doo to buy a property at the top of the market but have now sold and made a loss
|
|
|
|
Post by crojoe on Apr 27, 2011 14:41:26 GMT 1
It may apply to those who set up a doo to buy a property at the top of the market but have now sold and made a loss This is why I first opened my d.o.o., but then decided not to buy land (good idea now), but now use it to run my family business and doing ok. Am not rich, aren’t poor, but am waiting for that million dollar (maybe in Euros) business deal or idea I happen upon we hope sooner then later or maybe a Bingo win (once I start playing). |
|
|
|
Post by mambo on Apr 27, 2011 15:06:05 GMT 1
If the government would make it easier and cheaper for companies to close down they would not have all these problems with non-working companies.
But, since the government still thinks that it is free money (at least 10,000 euro excl. fines) you cannot blame companies for not closing down. Biggest reason for many companies to close down is lack of business and lack of turn over, so most of them simply don't have the 10,000 euro lying around to give away for free.
On top of the 10.000 euro comes the cost of operating the company, such as bookkeeper, notary, taxes etc, it is completely rediculous.
In many countries a company is deemed to be not operating when no taxes are filed, no turn over is registered and no yearly report is made. The company still exists, but nobody cares anymore.
If Croatia would only start to work more logically life would be so much easier for them (the government) and anyone else.
I left Croatia, but I also know I can never ever return because of this company closing BS.
|
|
rene78
Full Member
[M0:0]
Posts: 53
|
Post by rene78 on May 3, 2011 17:30:37 GMT 1
So, anyone interested to buy a sleeping d.o.o.?
|
|
-- 