Costs of dissolving a business
Costs of dissolving a business
Dissolution costs depend on the type of business, operating status, number of years in operation, volume of accounting records and invoices, and the complexity of tax obligations. The table below provides a reference fee to help businesses proactively budget.
Reference price list for business dissolution services.
| Type of service fee | Reference fee |
|---|---|
| Dissolving a single-member limited liability company – simple paperwork. | 3,000,000 – 5,000,000 VND |
| Dissolving a limited liability company with two or more members – simple paperwork. | 4,000,000 – 6,000,000 VND |
| Dissolving a joint-stock company – simple paperwork. | 5,000,000 – 8,000,000 VND |
| Dissolution of branches, representative offices, and business locations. | 2,000,000 – 4,000,000 VND |
| Dissolving a business results in the generation of invoices, accounting records, and tax obligations. | 6,000,000 – 15,000,000 VND |
| Settling tax accounts and fulfilling tax obligations upon dissolution. | 3,000,000 – 10,000,000 VND |
| Complex cases, many years of unresolved tax issues, or tax-related problems. | From 15,000,000 VND |
Note: The price list is for reference only. Each customer will receive detailed consultation and adjustments tailored to their specific situation.
Government fees and charges
The costs of dissolving a business include fees, financial obligations to the State, and the cost of hiring a professional to assist with the procedures. The actual cost depends on the operating status, accounting records, invoices, and tax obligations of each business.
When undergoing dissolution procedures, businesses need to fulfill outstanding financial obligations and complete administrative procedures as required. Some common expenses that businesses are concerned about include:
- Business dissolution registration fee: Exempt from fees as stipulated in the regulations on business registration fees and charges.
- Posting dissolution information: The business registration authority shall publish information about the dissolution on the National Business Registration Portal as prescribed.
- Taxes, late payment penalties, and fines: Businesses must settle any outstanding taxes, late payment penalties, fines, and other financial obligations, if any.
If using dissolution support services, businesses can hire a professional firm to handle or assist with legal, accounting, and tax-related paperwork, depending on their specific needs.
- Legal documents: Draft resolutions, decisions, and dissolution documents in accordance with regulations.
- Review accounting records and invoices: Inspect the company's accounting records, invoices, supporting documents, and tax compliance status.
- Tax settlement and processing: Prepare tax returns, settle tax obligations, and assist in fulfilling tax obligations during dissolution.
- Processing tax returns: Assisting in resolving issues related to invoices, documents, and outstanding tax obligations.
- Working with the tax authorities: Provide support in explaining, supplementing documents, and coordinating with tax authorities when required.
- Carry out the dissolution procedure: Submit your application and track its processing at the business registration office.
Note: Service fees are not government fees. The fee level is determined based on the type of business, operating time, accounting and invoicing status, number of transactions, and complexity of tax obligations. Taxes, late payment penalties, fines, and other financial obligations of the business are not included in the service fee, unless otherwise agreed.
Factors affecting costs
The cost of dissolution depends not only on the type of business but also on its legal status, accounting, invoicing, and tax obligations. Businesses with complete documentation and no complex obligations typically have lower costs compared to those requiring extensive review and resolution of outstanding issues.
Comprehensive business dissolution services from MAN - Master Accountant Network
The process of dissolving a business involves many tasks related to legal documentation, accounting, invoicing, and tax obligations. MAN provides a comprehensive business dissolution service, assisting businesses in reviewing their current status, preparing documentation, and carrying out the necessary procedures in accordance with regulations.
MAN accompanies businesses throughout the dissolution process, helping them reduce processing time and minimize errors during implementation.
- Consultation on dissolution roadmap: Assess the company's current state and identify the necessary actions.
- Prepare the documents: Draft, review, and finalize dissolution documents in accordance with current regulations.
- Accounting and tax support: Review accounting records, invoices, declarations, and settle related tax obligations.
- Working with government agencies: We provide support with application submission, explanations, and supplementary documentation as required.
- Track progress: We will provide support until the business completes the dissolution process and its legal status is updated as required by regulations.
