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Accounting and analysis of financial results are mandatory procedures for enterprises of all forms of management, including LLC. Information about financial results is necessary for an objective and comprehensive assessment of the company’s business activities. This information is necessary for owners and managers to make the right management decisions. In addition, they are requested by investors, banks, insurance companies and, of course, regulatory authorities.

Labor dispute is a disagreement between participants of employment relationship. As a rule, we are talking about conflicts between an employer and an employee, or between an employer and a group of employees. For the law to define a dispute as a labor dispute, it must necessarily affect work issues: personal differences between people do not belong to the category of labor, even if it is a personal conflict between colleagues.

Hiring of the illegal foreign workers in private or public company without permitting instruments is a significant infringement of law on migration and employment in Russia. These violations may cause heavy legal or financial consequences for a company.

Joining a foreign company to a Russian limited liability company (LLC) is one of the ways to develop business in Russia. Such a move could bring significant benefits to both parties by opening new markets, providing access to technology and expertise, and fostering mutually beneficial cooperation.

In virtue of the service of expedited audit of accounting any organization can carry out a short revision of its accounting statements condition. Such revision usually takes short period and minimal efforts.

Recently, a frequent request of clients is to open a company in Georgia for business opportunities. According to the World Bank’s Doing business report, Georgia is on the 6th place among the countries where it is worth starting a business. In this article, we will look at the existing organizational and legal forms and the procedure for registering a company in Georgia.

The contract of delivery formalizes the purchase of goods for subsequent resale. Each supplier knows the problems with supplies and the subtleties of this activity, so each of them has its own form of contract.

There are various ways to terminate a company’s operation: through reorganization and liquidation of a legal entity. The first method involves the transformation of the business: its merger, division, separation, joining. The second method – liquidation – implies the exclusion of the company from the state register. At the same time, it does not transfer rights to another company and divides net assets between participants.

Agency agreement is most often used in the commercial activity and is a fairly common form. When drafting the contract, it is necessary to carefully treat each item, attentively analyze all the essential terms and conditions.

The state regulates the relations between the employer and the employee through legislative acts. The highest force of them after the Constitution is endowed with the Labor Code of the Russian Federation. It defines an employment contract as an agreement between an employer and an employee, which regulates their relationship during the validity period of the document. The employer undertakes to provide the second party with the place, means and conditions for carrying out the activities stipulated in the agreement. For the implementation of the functions prescribed in the contract, the employer must transfer funds (remuneration) to the contractor in compliance with the terms and scope.

Setting up a joint venture abroad is a relatively new way of doing business with a foreign counterparty. When one of the business participants is a foreigner, this creates additional difficulties. The question arises how to manage a common business, how to distribute risks and profits. Creating a joint venture is one of the ways to effectively resolve all these difficult issues and resolve them to mutual benefit.

Registration of a company in this status is a mandatory procedure that all legal entities operating in the territory of the Russian Federation undergo.

A joint venture (JV) is a special form of business organization created by investors from various industries, countries or different business verticals. The bottom line is that each of the participants attracts assets to the creation of the business, has the right to profit distribution, but is also responsible for possible risks. Thus, a joint venture allows you not just to be partners for income distribution, but to set much more significant goals.

A residence permit in Russia gives many advantages to a foreign citizen living in our country. This also applies to the ability to work without the need to issue permits. However, when applying for a job, a foreigner with a residence permit must consider not only the need to collect a package of necessary documents, but also the taxes that the employer will calculate and transfer to the budget.

The foundation agreement and the agreement on the creation of an LLC are two different things. The agreement on the creation of LLC was first applied in early June 2009, making it a replacement for the constituent agreement of an LLC. Such changes occurred due to the appearance of a new law adopted on December 30, 2008 and finalized on December 17 of the following year, called “On Amendments to Part One of the Civil Code of the Russian Federation and Certain Legislative Acts of the Russian Federation”.

The reason for closing a business may be a financial collapse, changes in the industry, or simply the desire of the owners. For the actual termination of the company’s activities, it must be liquidated: officially delete information about the company from the state register. This is a multi-step process that can take even longer than business registration. The procedure for the liquidation of a legal entity and the liability of the owners associated with this procedure depends on the legal structure and financial situation.