Selvitysyhtiöiden

Selvitysyhtiöiden, often translated as liquidation companies or winding-up companies, are entities formed with the specific purpose of managing the liquidation process of a business. When a company ceases to operate, either voluntarily or due to insolvency, a selvitysyhtiö is appointed to oversee the orderly termination of its affairs. The primary role of a selvitysyhtiö is to gather the company's assets, settle outstanding debts and liabilities, and distribute any remaining funds to the company's shareholders or creditors.

The establishment of a selvitysyhtiö is a crucial step in the formal dissolution of a company. This involves a legal process that ensures all stakeholders are treated fairly and that legal requirements are met. The selvitysyhtiö acts as a fiduciary, obligated to act in the best interests of all parties involved. They are responsible for preparing financial statements, conducting an audit if necessary, and reporting on the progress of the liquidation to relevant authorities and stakeholders.

The duration of a selvitysyhtiö's mandate varies depending on the complexity of the company's financial situation and the number of assets and liabilities to be resolved. Once the liquidation is complete and all assets have been realized and distributed, the selvitysyhtiö will file the final dissolution documents, officially ending the company's legal existence. This structured approach aims to minimize disruption and ensure a transparent conclusion to a company's operational life.