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Registration of SAR
Under the definition of a company with additional responsibility, business companies with authorized capital divided into shares between founders fall. The profit received by the company is divided among all participants in accordance with the size of each share in the authorized capital. This legal form of business is in many ways similar to a limited liability company, significantly differing only in the responsibility that its founders bear before the company in the event of bankruptcy.
The main feature of the ALC is that the founders bear additional responsibility (subsidiary) if the company does not have enough capital for settlements with creditors. In other words, in this case, the calculation is made by personal means, if they are not enough at the enterprise. This form of registration in Ukraine is not particularly popular, but sometimes it is still used when this form is required to carry out some special types of activities under the law.
CONDITIONS FOR CREATION OF ALC
Citizens of Ukraine and legal entities - institutions, enterprises, organizations can participate as founders in the creation of ALCs. In order to create an enterprise with an additional degree of responsibility, a group of participants are required to follow a certain procedure prescribed by law, namely:
- 1) to hold a meeting of future founders, at which an official decision will be made on the creation of theALC, and issues will be reviewed and agreed upon to determine its activities, name, powers, governing bodies, determine powers and the degree of responsibility of the participants in the company. In addition, at this meeting, it is necessary to adopt the charter of the company, in which to determine the size of the share for each of the founders. Decisions made at the meeting shall be formalized in a protocol with mandatory signatures of all participants;
- 2) prepare and submit documents for registration to the district registration service at the location of the company.
LIST OF DOCUMENTS TO BE SUBMITTED FOR REGISTRATION OF ALC
The state registrar should submit the following documents:
- 1) registration card in the form of No. 1;
- 2) two original copies of the ALCcharter, one of which is placed in the registration file of the enterprise and stored at the registrar, and the other, with the registrar’s mark, is returned to the company and stored there. Both copies should be notarized;
- 3) decision of the general meeting, drawn up by the minutes.
If an individual submits documents, he will need a passport, and if a representative of a legal entity, a power of attorney.
YOU CAN SUBMIT DOCUMENTS:
- 1) in person - with an identity document;
- 2) by mail - with notarization of each sheet of the registration card;
- 3) in the form of an electronic document - certified by an electronic signature.
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