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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.

The authorized capital is the minimum amount of property that guarantees the interests of creditors, contributed by one or more founders to the company’s account. If there is only one founder in the company, then when it is registered, the entire amount of the authorized capital is paid only by him. If there are several founders in an LLC, then the authorized capital is paid by them in accordance with the shares determined by minutes on the establishment of the LLC or the founding agreement.

Migration registration of foreign citizens and stateless persons in the Russian Federation is state activity for recording and summarizing information about foreign citizens and their movements, carried out for the purpose of developing and implementing state migration policy, as well as for conducting state statistical monitoring in the field of migration. Migration registration is of notification nature and includes registration of foreign citizens at place of residence and registration of them at place of stay.

Introduction: Why HKIAC is Becoming a Key Choice for Russian Businesses Amid global economic instability and sanctions pressure on Russian companies, the Hong Kong International Arbitration Centre (HKIAC) is gaining particular significance as a neutral and efficient platform for resolving international commercial disputes. Established in 1985, HKIAC has solidified its…

Providing growth of country’s GDP mostly falls on shoulders of business community, but, how practice shows, not in all cases government is ready to protect business-subjects, gives guarantee of absence administration barrier in conducting business or shield from unreasonable claims from tax authority, MIA and investigation authorities.

Establishment of the company with using foreign capital is the important factor in economic development and in foreign investments attraction. This step will produce significant prospects and benefits both for the country, which start the opening process, and for foreign investors.

Many legal entities appear or cease to exist on the business market annually. However, it is rather usual issue when this or that company wishes to expand its scope of operation and in this regard decides to “connect” with another company, pursuing various goals. That is why the role of…

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.

Drafting an agreement contract is a crucial process that requires careful consideration and attention to detail. A well-drafted contract ensures clarity, mitigates disputes, and protects the interests of all parties involved. In this article, we will explore the key aspects of drafting an agreement contract, including its definition, essential components, and best practices.

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