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Anti-sanctions legislation is a key aspect in structuring corporate transactions and a priority point of legal review of assets with a foreign component. The application of this legislation affects the timing of transactions, the amount of additional financial expenses of the parties and, in certain cases, the legality of ownership…
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.
When choosing between establishing a subsidiary and a branch in the Russian Federation for export, it is recommended to give preference to the establishment of a subsidiary. Branches of foreign companies in the Russian Federation have corresponding financial obligations as well as Russian organisations, subject to appropriate conditions. This includes…
If the buyer of shares or shares in Russian organizations in the form of an LLC or JSC is a person from an unfriendly state, it is necessary to follow a special procedure defined in Presidential Decrees No. 81, 618 and 737. According to the above-mentioned decrees, in order to…
The State Duma has passed in the first reading a bill on the creation of new economic zones in the Belgorod, Kursk and Bryansk regions. Entrepreneurs will receive the same privileges as in the Donetsk and Lugansk People’s Republics, Zaporozhye and Kherson regions. The Russian Ministry of Economic Development will…
In today’s fast-paced business landscape, companies are constantly seeking innovative ways to drive growth and expand their market reach. One strategy that has gained significant traction in recent years is business development outsourcing. This comprehensive guide explores the ins and outs of business development outsourcing, its benefits, challenges, and how companies can leverage this strategy to achieve their growth objectives.
In today’s complex business landscape, organizations are constantly seeking ways to enhance efficiency and streamline operations. One strategy that has gained traction in recent years is internal audit outsourcing. This approach involves partnering with third-party firms to conduct internal audit activities, ranging from risk assessment to compliance monitoring.
Outsourcing has long been a topic of debate, with proponents praising its cost-saving benefits and efficiency improvements, while critics argue it leads to job loss and quality concerns. In this article, we delve into the complexities of outsourcing to determine whether it’s ultimately good or bad for businesses and economies.
Registration of a JSC (now – PJSC) is the process of opening a company from scratch, including registration with the state authority. The process includes data on the founders of the organisation, the location of the JSC, the person acting without a power of attorney on behalf of the company and the registrar. The process consists of preparing and submitting properly executed documents in accordance with the requirements of the legislation of the Russian Federation.
