Company Closure Service
As part of our business compliance and post registration services, we offer a complete package of company closure services, which include handling administrative tasks, financial obligations, legal requirements, and other aspects throughout the process, from the barangay level to the Securities and Exchange Commission (SEC).
File for Business Retirement with the LGUs.
Once documents are ready, we promptly file for company closure with the barangay and city or municipal government, surrender business permits, settle any unpaid local taxes or penalties, and secure a retirement certificate.
Process the Business Retirement with the BIR.
BIR closure can take months, so we file promptly after securing local certificates. We handle document surrender, tax settlements, case resolution, and obtain the Certificate of No Outstanding Tax Liability (Form 2320).
Settle Obligations with Statutory Agencies.
During company closure, we surrender Certificates of Registration (CORs), settle any unpaid contributions and penalties with SSS, PhilHealth, and Pag-IBIG, and secure proof of closure.
File the Retirement with the SEC.
We assist with drafting and filing documents, provide legal consultations, guide you through the final process of business retirement, and secure your SEC Certificate of Dissolution.
FREE 30-MIN CONSULTATION
Wrap up and move forward with Business Retirement! When it’s time to close your business, we take care of the legal and procedural steps to ensure a smooth and efficient process.
Why Choose FilePino’s Company Closure Service?
Retire your business with peace of mind! We make wrapping up and moving forward simple and hassle-free with our expert Company Closure Service. We understand that you need to close your company or business for whatever reason. We can help you manage and execute the process legally and efficiently.
FilePino is a leading and trusted Business Retirement and Company Closure service provider in the Philippines. Based in Bonifacio Global City (BGC), Taguig, Metro Manila—one of the country’s most dynamic and thriving business hubs—we are strategically positioned to serve your business needs.
Expertise and
Experience
We guarantee that our team and liaison officers are updated with the latest regulations, expert in document filings, and experienced in navigating the intricacies of government transactions.
Compliance Monitoring
and Updates
We ensure that your filing deadlines are plotted and monitored to ensure continuous compliance with the regulatory frameworks and keep you on track with the progress of all ongoing transactions.
Risk Management
Solutions
We have dealt with and resolved various compliance issues, so we have identified all potential risks and devised strategic risk management solutions to help mitigate them and avoid hefty penalties.
Holistic Business
Support
With our sister companies, we can provide you access to a full suite of business compliance and post-registration services, such as business permit renewal, filings of amendments with agencies, and legal assistance.
Company Closure FAQs
What is Company Closure?
A company closure, also known as business retirement, is a long and tedious process of formally closing the business and its operations by filing the necessary documentary requirements with various government agencies and by securing retirement clearances and certificates.
What are the reasons for Company Closure?
There are various and often mixed reasons why businesses have to close or retire. Some of these are financial losses and instability, relocation to another city or municipality, internal or management conflicts, and other external economic factors.
What is the importance of properly closing a company or business?
Official company closure, regardless of circumstances and reasons, can only be achieved through filing for retirement with the concerned government agencies. In this way, the company can ensure compliance with corporate laws and regulatory frameworks, avoid continuous taxes and the accumulation of penalties, and move forward with other ventures.
What is the process for filing for a Company Closure?
Unlike the usual business registration process, business retirement goes the opposite way. The filing starts with the barangay level and ends with the SEC. Between these, other LGUs and government agencies involved are the City or Municipal Treasurer’s Office, BIR, and statutory agencies (SSS, PhilHealth, and Pag-IBIG Fund). Depending on the industry or nature of business operations, additional clearances from other regulatory agencies may also be required.
What are the expected fees?
Aside from the business retirement fees and documentary stamp taxes paid to the concerned LGUs and government agencies, all unpaid taxes, unremitted statutory contributions, and penalties, if any, corresponding to the length of business operations or within a specific period, must also be settled for the issuance of clearances and certificates.
How long does it take to process?
The company closure process may take months or even years depending on many factors, such as the compliance history of the company with the regulatory agencies, the number of open cases to resolve, the completeness of requirements, and efficiency in government processes, among others.
