Reduction of the equity of a LLC (SIA), Stage 1
4. Statement on the reduction of share capital
In order to protect creditors, it is necessary for the company to send notices to the company's creditors regarding the reduction of share capital.
The notification shall specify:
- within five days of the decision on the reduction of the share capital, the company shall send written statements regarding the reduction of the share capital and the new size of the fixed capital to all known creditors of the company.