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Registration of commandite society (To)
A limited partnership is a type of business partnership with the dominance of personal elements, which provides for the presence of two types of participants - full and command (investors).
The first (one or several) carry out activities and are liable for obligations with all their property. The second (they also have one or more) do not carry out activities, their responsibility is limited only by the limits of the contribution.
Accordingly, to create a team partnership, at least two participants are required - a full and a contributor.
FEATURES OF THE TEAM
- 1) The order of business is established by the memorandum of association. With one full participant, the memorandum is the constituent document.
- 2) There are only two restrictions on authorized capital. The total share of property of depositors is 50%, of which ¼ is payable at the time of state registration. The remaining amount is paid during the year from the date of registration.
- 3) Full participants do not have the right to be such in other business partnerships.
- 4) Only full members can manage business in a company; team members must not prevent them from doing so.
- 5) The name contains the designation “command partnership”, as well as the names of all full participants or one / several of them with the words “and company”. If the name includes the name of the contributor, he becomes a full member.
- 6) Full participants must be entrepreneurs - individuals or legal entities.
As practice shows, people who are faced with the registration of a command society for the first time often cannot open a legal entity the first time. In order to avoid refusal from the registration authorities, it is advisable to entrust the execution of documents to experienced lawyers. The staff of Legal Solutions is ready to help you with this - do the registration process on your own or consult in detail on all issues.
WHICH DOCUMENTS ARE REQUIRED FOR REGISTRATION:
- Power of attorney for the representative.
- 1) copy of passport, certificate of assignment of identification number;
- 2) for entrepreneurs - a copy of the relevant certificate.
For legal entities:
- 1) decision on participation in a command society;
- 2) memorandum of association;
- 3) copy of extract from the Unified Register;
- 4) documents confirming the authority of the director, copies of his passport and identification code.
The memorandum of association must contain, in particular, the name of the company, address, information on the share of each participant in the authorized capital, the procedure for the formation of capital and its distribution between the participants, type of activity, purpose of operation.
HOW THE PROCEDURE IS PASSED
- 1) Written decision on the creation of a command society.
- 2) Acceptance of the memorandum of association.
- 3) Collection of necessary documents.
- 4) Submission to the registrar.
- 5) Check in.
- 6) Registration of the organization in the statistics, pension fund, tax inspection.
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