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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…
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.
A collective agreement is a document regulating business relations in various fields between an employer and an employee. The settlement procedure can take place both through an entrepreneur and through a legal organization. It is also possible otherwise when the contract is concluded between the collective representative and the trade union. An employment contract, unlike a collective one, has its own peculiarity: it is always individual despite the fact that it is based on the principles of collective.
Auditing services are a diverse audit of financial and tax documents of an enterprise. It allows to identify errors and inaccuracies before the inspection of state bodies. In addition, the audit allows to optimise the internal document flow.
Not everyone possesses the means or inclination to launch and manage a business independently. Often, this necessitates a partnership—an alliance with someone who fully shares your vision and is willing to share the financial burdens of establishing the enterprise. In this article, we will thoroughly explore the most pertinent forms of joint ventures for two partners.
Amid changes in international economic policy, Russian authorities have developed a comprehensive approach to regulating the potential return of foreign companies. This initiative aims to establish transparent and mutually beneficial conditions for the resumption of international business operations in Russia while protecting the interests of the national economy. The draft…
Belarus is Russia’s closest neighbour and partner in the EAEU, as well as the main trade “bridge” between Europe and the CIS. Such a strategic position allows the country to attract many investors, including from Russia. An important role in attracting investment is played by the presence of free economic zones, such as the High-Tech Park, the Great Stone Industrial Park. In addition, companies operating in rural areas or small towns can enjoy special tax benefits. One of the main advantages of registering an LLC in the Republic of Belarus is the simplified procedure for opening legal entities in comparison with Russia. At the same time, the most optimal form of doing business is a limited liability company.
A limited liability company (LLC) and a joint-stock company (JSC) are two forms of business, which differ from each other in the methods and complexity of management, distribution of authorised capital and other characteristics.
A shareholders’ agreement is an agreement entered into by the participants of a joint stock company. The document defines the procedure and features of disposing of the rights that the company’s shareholders have. Refers to the type of intra-corporate civil law agreement. As a rule, shareholders agree on the procedure for creating management bodies, distribution of profits, decisions and other issues.
The year 2023 showed an increase in the number of new businesses in Russia. More companies have started to open – this applies to LLCs and JSCs. At the same time, the statistics on the number of closed enterprises is also positive – the number of closed firms decreased by 15% compared to 2022.
The issue of shares for a joint stock company is one of the important stages in the formation of the company’s authorized capital. If an LLC forms its authorized capital through investments and its division into shares, then the JSC issues shares of a certain value. These securities are distributed among existing shareholders and other entities that are not formally related to the company. In this article we will examine in detail the issues of issuing securities.
A business process manager is a company specialist who analyses and develops methods to improve the internal processes of an organisation. The list of his duties includes the study and modelling of the system of processes in the company, rationalisation or optimisation by determining the balance between productivity and costs.
Registration of a PJSC (formerly OJSC) is the process of opening a company from scratch, including registration with a state body. In addition to preparing constituent documents, it is required to provide information on the founders of the organization, the location of the JSC
