Liquidation & Closure in Bursa | SMMM Narin Şen Kaya

What's included

Pre-liquidation review

The company's financial position, open obligations and closure options are reviewed.

Liquidation resolution and registration

The general assembly resolution, liquidator appointment and registry filings are handled.

Opening liquidation balance sheet

A balance sheet and inventory are prepared as at the start of liquidation.

Liquidation-period returns

Corporate tax returns for the liquidation periods and the final liquidation return are prepared.

Settling assets and liabilities

Realising assets, paying debts and distributing the remainder are planned carefully.

Closure and deregistration

Tax office and SGK records are closed and the company is removed from the trade registry.

Who is it for?

Limited and joint-stock companies ceasing operationsPartners in companies that have long been dormantGroups closing entities as part of a restructuringSole proprietors winding up their business

How it works

Assessment

We review the company's financial statements, receivables and debts, and open obligations.

Entering liquidation

We prepare the general assembly resolution, liquidator appointment and registry filings.

Liquidation period

We manage the realisation of assets, tax returns and the process for notifying creditors.

Closure and deregistration

We file the final liquidation return, close all records and complete removal from the registry.

Why Narin Şen Kaya, CPA?

Liquidation is a technical process with statutory waiting periods and interdependent stages, and a missed step can cause problems years later. At SMMM Narin Şen Kaya, we walk you through each stage in advance and plan clearly which decisions need to be made and when. We communicate one-on-one with partners and the liquidator, and we follow up on correspondence with the authorities, turning closure into a predictable process rather than an uncertain one.

Frequently asked questions

How long does a company liquidation take?

The timeline depends on the company's assets and liabilities, the waiting periods required by law after creditors are notified, and processing times at the relevant authorities. For that reason, it would not be accurate to quote a fixed duration. At the outset, we prepare a realistic timetable specific to your company and keep you informed at every stage.

What happens if I leave a dormant company open?

Even without any activity, a registered company still has filing and notification obligations. Failing to meet them can lead to tax penalties and various liabilities for partners and directors. If a company will not continue operating, closing it properly through liquidation is by far the safer option in the long run, and it gives everyone involved a clean, final end point.

Who is the liquidator and what do they do?

The liquidator is the person appointed by the general assembly to carry out the liquidation, often one of the partners or a director. They are responsible for converting the company's assets into cash, paying its debts, inviting creditors to come forward and distributing any remaining assets to the partners. We provide financial and technical support to the liquidator throughout.