Surrender of dreams
My friend Svetlana is 53 years old. She became a small entrepreneur in 2007, when the President established a new professional holiday - Day of Russian Entrepreneurship. For 9 years…

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First steps to own business: instruction
What do you need to start your own business? Successful business idea, certain investments and desire to work. But that's not all. There are several important legal points that you…

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What debts are not written off in the bankruptcy of an individual
We hope that today business owners have no illusions that they are liable for the obligations of their company only to the extent of their contribution to its authorized capital.…

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came to partnerships

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Practical aspects of accounting for business combinations in the fuel and energy sector

A contribution is any economic resource that creates or can create returns as a result of applying one or more processes.A process is any system, standard, protocol, agreement or rule that, when applied to a deposit or deposits, creates or can produce returns.

Return – the result of contributions and processes applied to such deposits that provide or are able to provide income in the form of dividends, cost savings or other economic benefits directly to investors or other owners, members or participants.

Given the fact that the acquisition of a business and a group of individual assets is reflected in the statements differently, it is important to understand how the first differs from the second. Such an analysis is based on the three components of a business in terms of IFRS 3 Business Combinations, which is why if a company is able to demonstrate contributions, processes and returns, then, as a rule, there is a business as such. Continue reading

We consolidate the interests of investors and managers

Legal “packaging” of new projects always consists in selecting a balanced set of tools: choosing the right organizational form of the company, contracts, working out the fundamental conditions of constituent documents and agreements, etc. One tool is not enough. At the same time, we do not forget that any legal structure of a business must simultaneously solve several problems:
fixing relationships between partners,
providing guarantees to their interests in this project,
property safety of a business project and its participants,
legal tax savings,
owner control. Continue reading

We fix the agreement of the owners to exit the business and sell it to third parties

Any questions regarding the conditions for participating in the business, including the possibility of leaving the business, selling a share or a business as a whole, should be discussed at the stage of creation and active development of the business, until everyone is inspired and does not think about possible difficulties.

At the same time, it is important that all, even the most non-standard arrangements of partners, be settled as much as possible, taking into account the real tools and capabilities of the current legislation. This will help to avoid future unexpected scenarios of relations.

Today is another case from our practice to illustrate how you can formalize the fantasy vision of business owners regarding a possible way out of it. Continue reading

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First steps to own business: instruction
What do you need to start your own business? Successful business idea, certain investments and desire to work. But that's not all. There are several important legal points that you…

...

We include employees in co-owners - how not to harm yourself?
Sooner or later, any business is faced with the need to change its operational manager. The founding owners eventually move away from solving current issues, giving way to hired, young…

...

We fix the agreement of the owners to exit the business and sell it to third parties
Any questions regarding the conditions for participating in the business, including the possibility of leaving the business, selling a share or a business as a whole, should be discussed at…

...

First steps to own business: instruction
What do you need to start your own business? Successful business idea, certain investments and desire to work. But that's not all. There are several important legal points that you…

...