Limited Liability Companies - Corporate consultant

Limited Liability Companies

Limited Liability Companies

     c-laywer  
    15.11.2015

Creation of a limited liability company or any legal entity of any form is a multi-stage and comparatively long-term process.

The founders’ authorities to create a limited liability company (including the absence of any prohibitions to create one) must be checked. The founders’ interests must be taken into account and reflected in the documents of a limited liability company. The incorporation documents, the amount of the authorized capital and property composition which will be paid with the authorized capital, must be agreed with the founders. In some cases working with antimonopoly authorities is required for the creation of a limited liability company.

This is the reason why the highly qualified specialists of Corporate Lawyer deal with the creation of limited liability companies.

Even when creating a limited liability company on comparatively simple conditions (only one founder, no specific requirement to the documents and payment of the authorized capital with money), the quality and careful preparation of documents without any mistakes requires a specialist to have certain professional qualities.

It should be clearly understood that even if a limited liability company went through the state registration, obtained necessary documents, registered with tax authorities and opened bank accounts, this does not necessarily mean that the limited liability company was duly created in strict compliance with all requirements and procedures stipulated by the laws.

The problems due to the non-legitimate creation of a limited liability company can occur later on at the most inconvenient moments: when buying real estate, shares or other material actions.

 

Holding general shareholders’ meeting of limited liability companies

Corporate Lawyer has experience in holding both general and extraordinary shareholders’ meetings.

The general shareholders’ meeting of a limited liability company is its primary management body. Withlimited liability companies, the holding of general shareholders’ meetings is regulated with fewer details than with joint-stock companies. However the internal documents may contain additional requirements that must be complied with, to ensure the validity of the decisions taken during a meeting. The correct registration of documents must also be ensured when holding a general shareholder’s meeting.

When preparing for shareholders’ meetings, we analyze the general situation within the structure and the interests of the shareholders and the legal conditions of the limited liability company. We develop minutes for the meeting taking into account the customer’s needs and legislative requirements and we contact evaluators and auditors for the preparation of the documents required for the meeting.

It often happens that the incorporation and other internal documents of a limited liability company do not permit a shareholders’ meeting to be held in the correct manner without the risk that the decisions taken there will be appealed against. In this case we inform our customer about the existing risks and offer ways to minimize them.

 

Change in the amount of the authorized capital

Change in the amount of the authorized capital of a limited liability company is a complex and time-consuming procedure associated with the adoption by the management bodies of the relevant decisions, the analysis of financial and economic condition of the company, and other tasks.

The correct support for the procedure of changing the amount of the authorized capital requires a detailed examination of the incorporation and other internal documents of a limited liability company and its participants as well as attentive and professional support of the entire process.

As with the creations of limited liability companies, the most qualified specialists of Corporate Lawyer deal with changes in their authorized capitals.

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