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When embarking on the journey of establishing a limited liability company (LLC), one of the first questions budding entrepreneurs ask is: how long does it take to set up a llc? The answer, much like any great business venture, is nuanced.
An LLC Operating Agreement is like the unsung hero in the LLC universe — working behind the scenes, ensuring that the business runs smoothly without much fanfare. In essence, it’s the document that dictates how the Limited Liability Company (LLC) is governed, laying down the law for internal processes, financial distributions, and, most critically, ownership rights.
Who is currently investing in Russia The main investors to the Russian market are companies from Middle East (Turkey, UAE, Oman), Asia (Hong Kong, China) and CIS countries (Armenia, Kazakhstan, Belarus, Kyrgyzstan). Often these are international divisions of Russian businesses, which were replaced by European firms with organizations from friendly…
A new service is available on the portal of state services (Gosuslugi) in the feedback section, which allows companies and individual entrepreneurs to address regional government authorities on their current problems. Responses from regional structures will be provided as soon as possible – depending on the complexity of the issue,…
Recently, the business ombudsman’s office discussed with its participants at a round table on “Monitoring of control and supervisory activities. Interim results and current tasks” the idea of replacing traditional inspections with preventive visits. This approach involves a transition from punitive measures to preventive ones, which will reduce administrative pressure…
On November 8, 2023, a decree was signed on the exchange of blocked Russian assets abroad for assets of foreign investors in Russia. This document introduced significant changes to the rules for handling blocked assets of Russian investors, especially those who own small portfolios. Since the beginning of 2022, Russian…
On August 19, a decree was adopted according to which foreign citizens who disagree with the moral policy of their countries will be able to obtain a temporary residence permit (TRP) in a simplified manner. Citizens of countries that pursue policies that contradict traditional Russian spiritual and moral values have…
An option is a financial instrument that grants the right, but not the obligation, to buy or sell a certain asset (for example, a share in a business) in the future at a predetermined price. This is a kind of contractual insurance that allows you to protect your interests in…
The digital ruble is a digital currency issued by the Central Bank of Russia (or the Central Securities Exchange). It is an electronic equivalent of cash and money held in bank accounts, represented by a unique digital code stored in an electronic wallet hosted on a dedicated platform operated by…
Trademark registration is a complicated process that requires significant time and knowledge of various aspects of the registration process. To ensure successful registration, it is essential to verify the uniqueness and compliance of a proposed trademark with legal requirements. A preliminary check of a trademark can help save time and…
The Ministry of Finance has proposed a tax reform to change the method of VAT payment. According to this proposal, organizations and individual entrepreneurs operating under the simplified tax system (STS) will be required to pay VAT on revenue exceeding 60 million rubles per annum. Under current legislation, entrepreneurs whose…
Affiliated individuals are those who have the potential to influence the activities of other organizations or individuals. These can include major transactions, changes in personnel, or the development of a strategic plan. The term “affiliation” originated in Russia in 1991 with the enactment of the “Competition Law,” which was subsequently…
The US Department of the Treasury has extended the validity of the document allowing payments to be made in favor of the Russian Federation. Such an extension may be the last due to the imminent entry into force of the Decree of the President of the Russian Federation on the…
Since 2022, the Russian Federation has had a temporary restriction on planned and unscheduled inspections of businesses. This measure was necessary to stimulate the economy during the pandemic. This moratorium had a positive impact on business, which sparked a discussion on the abolition of inspections. The moratorium on inspections was…
On July 1, 2024, Federal Law N 100-FZ entered into force, which amends the Tax Code of the Russian Federation. A significant part of it is dedicated to the regulation of trade among sellers from EEU countries via electronic trading platforms. The main changes within the framework of this law…
Since 2022, it has been established that it is necessary to obtain a permit for transactions with a resident of an “unfriendly” country. The types of transactions that need to be authorized before they are made are specified in special presidential decrees. Which operations are subject to restrictions Several transactions…
