How to Dissolve a Spanish SL Without Fines: Step-by-Step Instructions

An inactive Spanish SL is not a ‘zero’ company. Without proper closure, fines accumulate and the founder faces personal liability.

Key facts and steps

Consequences of inactivity:

• Cierre de hoja (registration sheet blockage)
• Annual fines for unfiled Cuentas Anuales
• Personal solidary liability of the founder for AEAT debts

Liquidation procedure

1. Preparation and filing of overdue Cuentas Anuales
2. Settlement of AEAT debt
3. Dissolution and liquidation resolution
4. Appointment of liquidator
5. Liquidation balance sheet
6. Cancelación registral

Timeline with proper preparation: 3 months.