Converting Businesses

October 3, 2014

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The reorganization of enterprises – a process that takes place almost every company. There are several types of reorganization: the merger, division, transformation, selection. Any reorganization – is to register a new legal entity and demise of the existing one. The new entity is created in any case, and remains valid only during the reorganization of the release. When you merge a new single recorded jur. face of two have ceased to exist, the allocation of rights and duties transferred to a new jur. person, the division recorded two new legal entities from one existed, and transformation – a change the legal form of enterprise.

It is possible reorganization of the LLC and JSC JSC JSC or a LLC. These procedures are quite different a few formalities, therefore need to refer to legal professionals, which are not only theory but also experience. For example, when the reorganization of Company or binding share exchange, reorganization of the Company under this happens. Law firm usually takes care of all the steps to AO or LLC – organizational issues, accounting and legal work, working with tax authorities, consulting, consulting for shareholders remains the only market adoption of a reorganization. This decision is purely freely at a meeting of participants of the enterprise, and the state can not interfere. Also meeting the shareholders choose the type of reorganization, the upcoming strategy for the organization chooses, makes all the necessary documents. There is a list of documents required for the process of reorganization: the decision of the general meeting and the minutes of the reorganization, transfer deed, agreement of accession signed statement, the constituent documents a new legal entity and a notice of creditors; a document confirming payment of state duty. The cost of the reorganization of LLC or JSC is usually quite high and vary from a few nuances: the type of legal entity from asset size, the number of shareholders and so on. The newly established company is subject to state licensing. By reorganizing Company, Inc., or LLC only recommended to involve professionals, as not all entities are able to correctly calculate nabodnost reorganization, its consequences and responsibilities of the new owners.





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