Miscellaneous and mandatory costs… The cessation of activity of a company involves several types of expenditure arising essentially from the performance of legal procedures. Among other things, we can note the publication of legal notices and the filing of files with the registry of the commercial court (dissolution and liquidation).
here is nature and cost of administrative expenses to close a business.
Company closing costs: legal notices, court fees and registration fees
Three types of costs can be engaged during a business closure. The first concerns the legal announcements to be published, the second the registry fees and the third the registration fees (payable only in certain circumstances).
Legal Notices for Dissolution and Liquidation
During a early dissolution or an amicable liquidation, legal procedures must be carried out. This is reflected in particular by the publication oflegal announcements – an announcement of dissolution and an announcement of closure of liquidation.
Companies must first choose a Newspaper of legal notices approved by the prefect. They can then opt for a paper journal or an online platform to publish the closing legal announcement.
Commercial court registry fees
At each stage of the process, a file must be filed with the registry of the commercial court. The first allows the modifying registration of the company's information on its K-bis extract, and the second is a delisting request.
The liquidation operations then begin and a mention "company in liquidation" must be mentioned on all correspondence. Once the liquidation file has been accepted and processed, the registry can proceed with the removal of the company from the RCS and it will no longer have any legal existence.
Recording rights
The acts of dissolution and liquidation of a company must, in certain cases, be filed with the business tax service. Since January 1, 2021, the registration of the minutes of dissolution is no longer required. The liquidation report must, for its part, be recorded and a liquidation bonus is observed. In this case, the duties to be paid are proportional to the nature of the property transmitted (goodwill, building or other property) and amount to 2,5%.
Closure of a company: amounts to be paid for administrative costs
The price of legal announcements of dissolution and liquidation
Each ad has a rate. In total, the amount is 308,40 € TTC. From January 1, 2023, the price is fixed. It is no longer linked to the number of lines of ads and the department where they are published.
Thus, the legal announcement of dissolution costs 149 euros excluding taxes. The notice of closure of the liquidation amounts to 108 euros excluding taxes. Increases are applied for notices published in Mayotte (department 976) and Reunion (department 974).
We also specify that the notice of liquidation must be published in the same newspaper than the one that broadcast the announcement of dissolution. The company has a period of one month at each stage (dissolution then liquidation) to proceed with the distribution of its legal notice.
Commercial court registry fees
When for his filing of the "dissolution" file with the registry, a company must pay an amount of 192,01 € TTC. This sum is divided between different bodies (clerk fees, INPI, Public Treasury, BODACC).
If the company is made up of a single partner (SASU or EURL), the payment is €76,01 due to the lowering of BODACC insertion costs.
La delisting request must include, for its part, a regulation of 13,93 € if the closing of the liquidation operations occurs more than one month after the dissolution.
Personalized additional costs are to be expected in the case of secondary establishments (inter-registry notification costs).
The amount of registration fees
About the transfer taxes, they amount to approximately 5 or 6% when the asset is of a real estate nature (buildings or real estate rights). The exact rate varies according to the municipality where the property is located.
If it is a goodwill, the rights are calculated in stages, according to its value: 3% on the value between 23 and 000 €, and 200% beyond 000 € . For low value funds (< €5), no taxation takes place.
Finally, for other assets (cash – sums of money – for example), the rate of registration duties is 2,50%. They are called sharing rights. In some cases, they are not due.
For more information on the closure:
What is the procedure for closing a company?
Reply :
The procedure for closing a company consists of informing the tax authorities, paying all contributions due and settling the necessary administrative costs.
What are the administrative costs to pay to close a company?
Reply :
The administrative costs to be paid to close a company are the costs of winding up the company, the costs of closing bank accounts and the costs of dissolving shares. In addition, additional fees may be required by the tax authorities and the competent court.
Who should pay these fees?
Reply :
Administrative costs to close a company must be paid by the shareholders or officers of the company.
