April 28, 2011

Company Closure Checklist

Informed Counsel

Business activity is on the rise in Thailand as the Department of Business Development (DBD) reports an escalating number of newly incorporated companies and, at the same time, an increasing number of company closures and dormant/defunct companies. The process for closing a company, however, is more complicated and time-consuming than the process of incorporation. To successfully close a company, business owners must be well prepared and informed. The checklists below provide an overview of the end stages of the life of a business during a voluntary closure: (1) pre-dissolution, (2) dissolution, and (3) liquidation.