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Subsidiary liability (CO) is one of the types of liability that occurs in the event of bankruptcy of the company and the formation of debt. In this case, the head of the legal entity will be obliged to repay the debt from his own funds.
Companies and individual entrepreneurs while carrying out its business activities, inevitably face conflict situations related to violations of its rights. In such circumstances, the most common and effective method of resolving a conflict is to protect violated rights in an arbitration court. According to Russian legislation, disputes involving legal entities, organizations and individual entrepreneurs are resolved by arbitration courts.
Only the general meeting of participants can decide on the liquidation of the company. After that, a liquidation commission is formed or a liquidator is appointed, who will be responsible for the procedure and will take over the management of the company’s affairs.
Double citizenship is a situation where a person is simultaneously a citizen of several states. This requires an international Treaty regulating double citizenship: if there is no such Treaty between the Russian Federation and another state, it is impossible to obtain another citizenship legally. However, the Russian Constitution provides for the right to obtain citizenship of another country. Why might this be necessary?
In today’s marketplace, it takes a lot of effort for business leaders to remove barriers for cross-border business. Regular enterprises development requires quick and thoughtful decisions of the founders. One of the ways to expand activities available for private entrepreneurs and state-owned enterprises is to create a holding.
A lease agreement is a civil law document drawn up voluntarily between the owner of an asset and a person wishing to lease this property. The document is the basis for the transfer by the owner of the residential premises to the tenant for a certain fee for temporary use.
Foundation agreement is a document in which the persons who have decided to create a company determine the procedure for conducting joint business activities and the conditions for creating such a legal entity. Thus, a foundation agreement is necessary for setting up a company with two or more participants.
Contents: Advantages of a joint venture Joint venture functions A joint venture is an agreement between two or more companies that voluntarily create and manage a new business. Each organization invests its own resources and conducts its own expertise for the establishment and launch of a new company. Such a…
Legal support of the company’s activities is an integral part of the successful and safe operation of any company. In today’s competitive business world, where every wrong legal step may lead to consequences, it is imperative to cooperate with competent lawyers.
The company is operating until an entry on the termination of its activities appears in the state register. The liquidation procedure is complicated and prolonged, and if the norms of the law are not observed, it will not be possible to liquidate the business.
Audit of accounting and reporting organization is designed to create an impartial view of documents’ reliability as well as information reflected by them. The law obliges legal entities to keep records and keep financial statements, so that the company will be able to provide them to partners, auditors, and employees…
Russia is a country with great opportunities for entrepreneurs, and in order to successfully start your way in the business world, it is important to know the key steps and implementation requirements.
