Urgent liquidation of a company supplying the oil and gas sector

The company attracted the attention of law enforcement authorities, and there appeared a risk of discovering tax risks amounting to 150 million rubles ($ 2 million). The company was declared bankrupt for only 25 million rubles ($ 330 000).
Client:

A company engaged in supplies for the oil and gas sector. Annual turnover of 800 million rubles ($ 10,6 million).
Situation:

Due to the company's habit of working in the old way, the tax risks amounting to 150 million rubles ($ 2 million) emerged. The company started receiving inquiries from law enforcement authorities. There was a high probability of discovering tax risks.
Solution:

We prepared responses to all inquiries from the law enforcement agencies. Then we changed the region of business operations and thoroughly prepared for the liquidation procedure, including the company's accounting recovery and minimizing violations.
Result:

We liquidated the company using the bankruptcy procedure, with a total cost of only 25 million rubles ($ 330 000), despite having tax risks amounting to 150 million rubles ($ 2 million).

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