When a business decides to cease operations without entering full bankruptcy proceedings, a lawful and orderly liquidation process is essential for mitigating management liability, releasing shareholder obligations, and avoiding residual legal risks. ForTran assists enterprises, creditors, shareholders, and executives in navigating the full lifecycle of corporate exit—from dissolution planning to liquidation execution and risk resolution. Our services include:
Legal Advisory on Dissolution and Liquidation Procedures
We act as legal counsel for companies initiating voluntary dissolution, advising on resolution procedures, liquidation team formation, and statutory compliance throughout the process.
Formation of Liquidation Team and Workplan Development
We guide clients in lawfully establishing the liquidation committee and formulating detailed work plans, execution timelines, and internal controls. For complex corporate structures—such as foreign-invested enterprises, branch offices, or enterprise groups—we design tailored multi-tiered exit solutions.
Asset and Liability Assessment
We assist in identifying and evaluating company assets, outstanding liabilities, tax obligations, and employee arrangements. We help prepare liquidation balance sheets and asset inventories.
Debt Recovery and Settlement
We represent clients in recovering outstanding receivables and settling debts lawfully, ensuring management personnel are protected from post-liquidation legal claims related to "malicious debt evasion.
Audit and Tax Clearance Support
We coordinate with third-party providers to conduct liquidation audits and tax clearance procedures, and provide legal opinions or compliance statements as needed.
Regulatory Filings and Deregistration Procedures
We handle the full range of regulatory formalities including public notices, business license deregistration, tax deregistration, and clearing of social security and housing fund accounts.
Distribution of Residual Assets
We assist in designing and implementing rules for distributing remaining assets to shareholders, and draft associated shareholder resolutions and distribution plans.
Dispute and Irregularity Management
In the event of disputes, accounting irregularities, or hidden assets, we advise the liquidation team or management on risk control strategies and legal remediation.
Remedial Liquidation for Dormant Entities
For companies that have ceased operations without undergoing legal liquidation, we help retroactively complete the liquidation process and mitigate lingering liabilities or compliance issues.
Court-Appointed Liquidation Roles
In cases involving deadlock or creditor disputes, our lawyers may act as court-appointed liquidation team members or bankruptcy administrators to carry out mandatory liquidation.
Stakeholder Legal Advisory
We provide targeted legal services to creditors, shareholders, and senior executives throughout the liquidation process, including claim registration, priority protection, rights enforcement, and compliance with statutory obligations.
