If there is a surplus after all the company assets have been dealt with and the debts and liquidation expenses have been paid, then it will be distributed back to the shareholders.
A guarantor is someone who agrees to repay the debt of a company or person if they default.
A certified copy of the minutes of the meeting must be attached to a liquidation application and sent to Bolagsverket.
The minutes must state the date of the start of the liquidation process.
If the company goes into liquidation or the person enters a personal insolvency procedure, e.g.
bankruptcy, the guarantor will have to repay the creditor.
Reasons for winding up a company Members' voluntary winding up The company’s contributories (also known as members or shareholders) may pass a resolution that the company be wound up and that a liquidator be appointed.