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Alignment of interests and determination of effective actions leading to the implementation of set tasks can be reached by drawing up a civil contract. For the optimization of economic processes and work, civil contacts are concluded between the participants of economic relations. Such document is given legal force, which makes it possible to use coercion to execute it. All agreements of such kind are subject to scrutiny, analysis of the civil law contact ensures the reliability of civil transfers.
The share in the authorized capital of the LLC is equal to the value of the founder’s rights to conduct business, which is expressed in a certain proportion of his participation in the LLC. In fact, the share gives the subject the right to manage the company’s affairs in proportion to the share of his participation in the business.
Russian laws define citizenship as a stable legal relationship between a person and the state. This relationship is represented by the sum of mutual rights and obligations that arise between citizen and the Russian Federation. Most of these rights and obligations are provided for by the Constitution.
All commercial entities including small and medium sized companies and sole proprietors are obliged to do bookkeeping. However, bookkeeping under simplified tax system has some peculiarities. Although it is easier in comparison with the requirements for companies applying general tax system, some mistakes may lead to penalties and other sanctions imposed by authorities.
Often it is almost impossible to protect violated rights without the intervention of law enforcement bodies. That is why the legislators have provided several ways to protect the interests of individuals and organizations, the main of which is applying to court for the protection of their rights.
A company may be deemed to have been dissolved and ceased to exist only after it has been recorded in the registry. Thus, the final stage of liquidation of any enterprise is the state registration of the liquidation of the legal entity. Without an entry in the register, the company cannot cease to exist, relevant changes are made by the Federal Tax Service or the Registration Centre.
The official winding up of a legal entity is a difficult procedure which takes time and requires concerted actions of a huge number of professionals. First of all, executive bodies inform about the beginning of the procedure through the media, then they appoint a commission and draw up an interim balance. Once the debts are settled, the companies approve the final balance. It is also necessary to fire the employees, pay salaries and compensation to employees – and this is not the complete list of actions.
Pre-sale preparation of the business is considered one of the most important aspects of the implementation of the company. The most important thing in the pre-sale preparation of the business is to create effective plan, to figure out all specifics in business functionality and business-processes nuances, perspectives in growth and development of the firm, its maximum capabilities, in financial equivalent as well. The end goal is to fully prepare business for sale for fair price.
Today legal entities while carrying out it’s business activities, often face not only conflict situations with contractors, partners and competitors but also disputes within one organization. Such disputes are one of the most widespread in the companies’ sphere of activity and is called corporate disputes.
The contract of sale is a document that certifies in writing the transfer of ownership from the seller to the buyer. This type of transaction implies that the seller assumes the obligation to transfer the goods to the buyer together with all accessories and documents within the prescribed period. And the buyer promises to accept this product and pay a certain amount for it.
A number of amendments have been adopted to the migration legislation, which relate, in particular, to the regulation of the work of highly qualified foreign specialists (HQS). Thus, starting from March 1, 2024, the salary of a highly qualified specialist will be increased and calculated quarterly. Based on the amendments,…
In the intricate landscape of mergers and acquisitions (M&A), HR due diligence serves as the linchpin for informed decision-making. It goes beyond financial and legal evaluations, providing a comprehensive assessment of the human capital within both the acquiring and target companies.
Starting a Limited Company can be a strategic leap for budding entrepreneurs or sole traders aiming for more robust business structures. The process involves several essential steps and considerations that pave the way for a resilient and legally recognized business entity.
The Bank of Russia has approved new rules for the sale of foreign securities by Russian investors in order to facilitate the process of exchanging blocked assets for Russian money. These rules apply to securities deposited in the National Settlement Depository. Bidding will begin after approval by the Government Commission,…
