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Change an entity's status, for example to liquidated

Learn how to change an entity's status, for example when it's liquidated.

Written by Yuliya Chakhovich

Steps

  1. Open Entities, select the entity and open Master and financial data. Entity status shows the current status with its date.

  2. Select Change status. You'll also find it in the Entity actions menu at the top of the page.

  3. Choose the new status: Inactive, In liquidation, Liquidated, Merged or Divested.

  4. Set the date it took effect.

  5. Under Related documents, upload the supporting document, such as the liquidation decision.

  6. Select Save. The new status is added on top, and the earlier status stays in the history below it.

What changes in the chart

  • Liquidated, merged and divested entities are hidden from the organization chart, including from Jump to entity.

  • An inactive entity, or one in liquidation, stays visible.

  • The entity's data and documents stay available under Entities.

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