Liquidation of a legal entity in legal practice is to be understood, first of all, to mean the complete termination of the company's operation when the right to own it is not transferred to other entities. Most often, owners make a voluntary decision to close the company, sometimes it comes by court decision. The liquidation process also applies to foreign companies that operate in Russia within the open representative offices or branches. In this case, the procedure of liquidation of a foreign legal entity
has its own peculiarities and nuances. First of all, it is important to remember that this process is long but easier than the procedure of opening and accreditation of a foreign enterprise.