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 and daring managers. Often, to create additional motivation, this process is accompanied by the allocation of managers stakes in the company.
From the point of view of increasing the involvement and interest of a manager in a business, this is certainly the right step. However, trusting hired directors to resolve operational issues, it is necessary to retain the ability at any time to reverse the transfer of authority and ownership. After all, no one guarantees that having received a share in the business, the new co-owner will not decide to go to work somewhere else.
We show by a real example how the dependence of ownership of shares on the fulfillment of an employee’s labor function in one of our projects was ensured. Important: inclusion in co-owners was due to participation in management. Accordingly, when an employee is dismissed from the company, there must be grounds for depriving him of his share. Continue reading
What you need to know about offshore in order to protect your assets and increase them: we reveal the myths of offshore legislation and recommend what needs to be done to preserve own funds and develop personal potential.
In 2019, perhaps, only someone who does not know how to read does not know what offshore is. However, you need to start with the terms. Therefore, in this article, offshore refers to countries that have tax privileges for foreign companies. In this regard, there are such comments: Continue reading
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. This has long been wrong. In confirmation – our Guide to subsidiary liability of owners and business leaders. Similarly, personal bankruptcy of an individual will not allow you to get rid of all debts. Including subsidiary.
Indeed, as a general rule, after settlements with creditors are completed, a citizen recognized as bankrupt is exempted from further execution of claims. Continue reading