What is the liquidation procedure of a limited company?

Legal analysis: the liquidation procedure of a limited company is:

1. Establish a liquidation group;

2. Clean up the company's property and prepare the balance sheet and property list;

3. Formulate liquidation plan and report it for confirmation;

4. Pay off;

5. Make a liquidation report and submit it for confirmation;

6. Go through the cancellation registration of the company.

Legal basis: Article 186 of the Company Law of People's Republic of China (PRC). After clearing up the company's property, preparing the balance sheet and property list, the liquidation group shall formulate the liquidation plan and report it to the shareholders' meeting, shareholders' meeting or the people's court for confirmation.

Article 188 After the liquidation of the company, the liquidation group shall prepare a liquidation report, submit it to the shareholders' meeting, the shareholders' meeting or the people's court for confirmation, and submit it to the company registration authority to apply for cancellation of company registration and announce the termination of the company.