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Liquidation of a trading or limited partnership

Liquidation of a trading or limited partnership

Liquidation is the closing down of a business and the conversion of its assets into cash. The money is used, inter alia, to pay debts.

Liquidation means that the trading or limited partnership ends its activities by putting its accounts in order, selling its assets (if necessary) and setting aside funds to pay its debts.  

You must agree to dissolve the business  

A trading or limited partnership is closed by liquidation. A liquidation is your responsibility. You need not notify the Swedish Companies Registration Office of the liquidation, but if you want to notify it, they charge a fee.

There need not be any particular formal procedure, but the liquidation must be concluded with a distribution agreement. It is an agreement signed by all partners. The agreement shall state that you agree to dissolve the business and how you will deal with the company assets. The agreement must be in writing to be valid. A trading partnership is dissolved when all the partners have signed the agreement.  

Fees for the liquidation of limited liability companies at the Swedish Companies Registration Office 

If the activity closes down  

Before you can deregister business, you must close it down. This means that you must complete the accounts and pay all taxes and charges.  

The deregistration notification must be signed by all partners. If the company's address is terminated, report a c/o address to a company signatory or other representative when you deregister.

Accounting during liquidation of a trading or limited partnership   

Taxes and fees during liquidation of trading partnership  

If activities have ceased, you can deregister directly  

You can deregister your business immediately if it has ceased activities and has no assets or liabilities. The easiest way to do this is via our e-services. Log in with e-ID. It is free to deregister companies.  

Current processing times at the Swedish Companies Registration Office  

Deregistering a trading or limited partnership in liquidation 

Business name no longer protected  

When the business ceases, the right to the name also ceases unless someone protects it, for example by registering it as secondary business name for another company. A secondary business name is an additional company name for a part of the business's activities. Some company names can also be protected as trademarks.  

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