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Tax planning is active and targeted legal action of a company that is aimed at obtaining tax benefits (reduction of taxes, fees, duties and other obligatory payments). Tax benefit is a reduction in amount of tax liability, which is achieved by reducing the tax base, obtaining a tax deduction, benefits, applying a lower tax rate, as well as obtaining the right to a refund (offset) or tax refund from the budget.

To get a job in a Russian company, foreigners first need to obtain a patent or work permit in Russia (PHP). This is a permit issued by citizens of other states in order to legally work in the Russian Federation. It is intended for those who temporarily stay in the country and do not have the status of a permanent resident foreigner.

First, we should define the term itself. An audit is a procedure when a specialist scrutinizes company documents and tries to identify any hidden problems, debts, and other potential problems. Who needs that? When you buy a ready-made company, you have to understand all risks and correctly assess the situation; otherwise, you run the risk of facing huge problems. For evaluating the transaction, you need to provide a tax audit.

Migration registration includes state activities for collecting, storing, summarizing information about visitors. Registration in the migration authority is a mandatory procedure to every foreigner who comes to Russia, the exceptions are not provided. Unless for some categories of visitors there is a standard registration period of 7 working days, and for other categories the law provides for a longer period.

Entrepreneurs sometimes conclude such a type of transaction as a takeover. At the same time, one party to the contract acquires more than 30% of the authorized capital or a controlling stake, and in the future joins the absorbed business to its own enterprise. It is good if this happens by mutual consent of the parties. But sometimes you have to deal with an unfriendly takeover of a company when the owners are actually forced into a deal.

The general meeting of the LLC participants is a special procedure at which the company’s decisions are made. We are talking about the reorganization, amendment of the charter, appointment of the general director and other important agendas for the work of the company.

A construction contract is a legal agreement between a customer and a contractor for the performance of any type of work related to the repair, restoration of existing buildings, as well as the construction of new ones.

A non–public joint-stock company is a form of business organization that differs from a public joint-stock company (PJSC) in a number of key features.

Since 2022, Russian businesses have faced significant challenges in working with European partners, including difficulties in recovering advance payments for undelivered goods or services. However, in 2025, a new refund mechanism became available for Russian companies. This article provides a detailed explanation of how to recover advance payments from EU…

Any contract, as a legal form of agreement on the main points of the transaction, is concluded (in most cases) between the two parties. It contains a list of the rights and obligations of the participants, which begin to take effect from the moment of mutual approval by signatures.

In the realm of employment, one crucial document governs the relationship between employers and employees – the employment contract. Understanding the intricacies of employment contracts is essential for both employers and employees. This comprehensive guide will explore the key aspects of employment contracts, shed light on employment contract law, and provide valuable insights into their significance in the workplace.

In accordance with Russian legislation each company is required to maintain accounting records regardless of what industry the company operates in, how many full-time employees and subsidiaries it has. Some organizations are also legally bound to conduct an independent accounting assessment. This requirement is related to the specifics of economic activity.

Transnational joint ventures (TJV) are a form of business in which companies from different countries combine their resources and knowledge to achieve a common goal. TJV can be created both on an ongoing basis and for the duration of a specific project.

The entrepreneurial activity of any company is connected with the close control of the tax authorities. Therefore, when making transactions, it is necessary to analyze the documents for the presence of tax risks carefully. Before entering into any contract, it is advised to take into account the following mandatory conditions.

When the company becomes unprofitable and cannot pay off all obligations, the owners initiate bankruptcy proceedings. It implies the liquidation of the business and the payment of debts as much as possible.

Future entrepreneurs resort to two options: registration of business in accordance with the provisions of law, or a transaction of purchase and sale of business that is stable in the market. Both options have advantages and disadvantages, the choice is up to the buyer. Transactions for the purchase and sale of business have the following specifics.