Simplified procedure for removing of a small and medium-sized business entity from the Unified State Register of Legal Entities in the event that its founders (participants) take a unanimous decision to terminate the activities of such a legal entity. Information about the upcoming exclusion shall be entered into the Unified State Register of Legal Entities and posted on the website of the registration authority. The simplified procedure is applied under the simultaneous observance of a number of conditions. 

The decision on the upcoming exclusion must be published in the press, which contains data on the state registration of a legal entity. Objections to the upcoming exclusion can be sent to the registration authority within three months. Creditors and other persons may appeal the exclusion of a small and medium-sized business entity from the Unified State Register of Legal Entities within a year from the day they learned or should have learned about the violation of their rights.