Closing a business can be voluntary or imposed in the case of bankruptcy.
In French law, there is a distinction between 'dissolution' and 'liquidation' (see www.service-public.fr/professionnels-entreprises/vosdroits/F23744).
| Type of closure | Commentary |
| Dissolution | Dissolution refers to the process where the associates of the company take the decision to close the company |
| Liquidation | Liquidation refers to the settling of any debts of the company and therefore the payment of debts to any existing creditors |
FR2.12.1ÌýÌýÌýÌý Dissolution-voluntary closure of a company
When a company is voluntarily closed, two different processes apply depending
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Web page updated on 28 Aug 2024 11:43