Tühjenduskavad

Tühjenduskavad, a Finnish term, translates to "liquidation plans" or "winding-up plans" in English. These are formal procedures established for the orderly dissolution and closure of a company or organization. The primary purpose of a tühjenduskava is to ensure that all assets are identified, liabilities are settled, and any remaining funds are distributed to stakeholders according to legal requirements and the company's bylaws.

The process typically begins when a company decides to cease its operations, either voluntarily or due to insolvency. A tühjenduskava outlines the steps involved in this process. This includes appointing a liquidator or trustee, who is responsible for managing the liquidation. The liquidator's duties involve gathering all company assets, selling them to generate funds, and then using these funds to pay off creditors. This might involve selling property, equipment, or intellectual property.

Once all debts and obligations have been met, any remaining assets are distributed among the shareholders or members according to their respective shares or rights. The tühjenduskava also addresses the legal and administrative aspects of the closure, such as filing necessary documents with regulatory bodies and formally deregistering the company. The entire process is governed by Finnish company law, ensuring transparency and fairness for all parties involved. A well-executed tühjenduskava aims to minimize losses for creditors and shareholders and to ensure the company's affairs are concluded legally and ethically.