Million Alemu & Partners Legal Services LLP (MAP) offers tailored legal support for businesses undergoing closure, dissolution, or restructuring in Ethiopia. Whether you’re winding down operations voluntarily, facing insolvency, or preparing for a strategic exit, we guide you through the legal complexities to ensure a smooth and compliant transition.
We work closely with business owners, shareholders, and management teams to mitigate legal risks, protect stakeholder interests, and meet all regulatory requirements related to business closure.
Our Services Include:
- Dissolution Advice: We offer strategic guidance on the dissolution process, address tax implications and outlining the legal and regulatory requirements and other legal aspects related to the dissolution and winding up of company.
- Legal Documentation: We draft and file all required dissolution documents, including resolutions, notices, and final accounts, in compliance with Ethiopian corporate laws.
- Regulatory Compliance: We ensure adherence to all legal obligations during the dissolution process, including notifications to relevant authorities and the settlement of outstanding liabilities.
- Shareholder and Stakeholder Communication: We facilitate clear communication with shareholders and other stakeholders throughout the dissolution process, addressing concerns to ensure a smooth transition.
- Asset Liquidation: We assist in the orderly liquidation of company assets, managing sales and distributions in accordance with legal and contractual obligations.
- Debt Settlement: We advise on the resolution of outstanding debts and obligations, negotiating with creditors, and handling claims effectively.