Change in the composition of the founders. Sale of the company.

 YOUR GOAL

If you need:

• Resign from the founders of the company;
• Sell or donate the company;
• To change the founders of the company,

Then you will need a legal service – CHANGING the COMPOSITION of the FOUNDERS.

 OUR OFFER

EUROVECTOR Law Company works with foreign and domestic entrepreneurs who need assistance in doing business, in particular, alienation of corporate rights, change of founders of the company, sale of the enterprise, conducting financial and legal transactions.

Our company's lawyers will help you quickly solve any organizational and corporate tasks, including in matters of changing the founders of the enterprise. We will accompany all the necessary procedures required to change the founders of the company, organize the general meeting of the founders, prepare the minutes of the meeting, the transfer act, the separation balance sheet, the new edition of the constituent documents, etc. In addition, we will provide notarization of all required documents and state registration of changes in the composition of the founders.

 MORE DETAILED:

Change of the founders of the company. Sale of the company.

Changing the founders of an enterprise (including the sale of an enterprise) is a rather difficult issue for many entrepreneurs. The complexity of the task mainly lies in the correct execution of the legal side of the transaction. On the one hand, it seems clear that all procedures are notarized and executed by the state registrar, but nevertheless, no small amount of work needs to be done before the direct registration of the change of founders and the sale of the enterprise.

To begin with, let's define what the sale of an enterprise is.

So, the sale of an enterprise in its essence is the transfer to the ownership of the buyer of the company as a whole, through the registration of the relevant title and other documents of the company. At the same time, the founders of the enterprise are changed to its new owners.

The very change in the composition of the founders is carried out by alienation of the corporate rights of the participants of such an enterprise to other owners. It should be noted that the corporate rights include the rights of a person to participate in the management of an enterprise, to receive profits (dividends), etc.

If there is a need to change the founders, you will have to hold a meeting of the founders, draw up the minutes of the meeting, pay an administrative fee, draw up a transfer act, a distribution balance sheet, draw up a new edition of the constituent document, etc.After carrying out these organizational procedures, you will need to contact the state registrar, who is obliged to change the composition of the founders within 24 hours.

But, as we know, life also brings unpleasant surprises. So, for example, the consideration of your documents may be suspended or you may be refused to register changes at all for a number of different reasons. That is why, in order to avoid lengthy proceedings with employees of registration services, so as not to waste a lot of time on all kinds of registration and walking around state structures, and also so that the sale of the enterprise and the change of the founders of the company are made in the lines outlined by you and the party who wants to buy corporate rights from you, use the services of Euro-Vector Law Company. We will be able to help you register the change of the founders of the company in the shortest possible time, draw up and accompany the entire procedure of alienation of rights to the company, competently draw up all the required documents.

If we consider this issue in more detail, it should be noted that making changes to the composition (founders) of participants in a limited liability company, an additional liability company, a full company or a joint–stock company, namely, the sale of corporate rights is both a simple and at the same time a difficult task for a corporate relations specialist. If the transaction is formal (the company is non-working, without turnover, without assets, etc.), then such work can be entrusted to any notary or novice lawyer. But when an enterprise is a large established business, when the shares in the authorized capital are large, and the profit portends the receipt of impressive dividends, or the participants are foreigners with foreign investments, or we are talking about shares, then such a transaction must be provided to professionals with in–depth knowledge in corporate relations, otherwise the consequences can cause irreparable damage to your financial future.

What is the job of a corporate relations specialist, if we are talking about the formal re-registration of such rights? The lawyer draws up a protocol, a statement on the withdrawal of the founder, a contract for the purchase and sale of corporate rights, the charter. All participants, including the head, "blindly" signed, and within a day you will make such changes. But, in this case, there may be a violation of the rights of the participant(s), and in some cases, the rights of family members of the participants of the company, and one of them may apply to the court for recognition of the transaction as invalid. In order to protect all parties as much as possible when registering the purchase and sale of corporate rights, it is necessary to follow strict regulations.

The very first thing that needs to be done is to study the protocols, regulations, articles of association, constituent agreements, collective agreements, registers of corporate documents, individual orders and draw up regulations for conducting fees. And then, following the points of the regulations, organize the company's fees.

A written notice of the Meeting and its agenda must be sent to each participant at least 30-45 days before the date of the meeting.

The notice of the General Meeting should include the following data:

• on whose initiative the meeting is being convened;
• time, date and place (specifying the number of the room, hall or office where the participants will have to arrive) of the meeting;
• start and end time of registration of participants to participate in the Meeting;
• draft agenda.

Prepare documents for the meeting and the transaction.

At the meeting, all parties must provide documents allowing the purchase and sale of corporate rights, and much more.

Our Law Company carries out the procedure of changing the composition of the founders extremely quickly, as we employ the best specialists in this field who have a huge amount of legal knowledge and many years of practical experience in this field.

Our specialists work closely with government agencies and therefore know all the subtleties and nuances of the procedure for registering changes to constituent documents, which ensures the high quality of services provided by us and carrying out any registration actions in the shortest lines.

 IMPORTANT

The sale of the company and the change of the founders of the company may not be made if the state registrar refuses to register these procedures.

The reasons for such failures may be:

• Lack of authority of the person who submitted the documents for consideration to the registrar;
• The presence of a court decision prohibiting the registration operation;
• The presence of a court decision on the seizure of the corporate rights of the enterprise;
• The order of creation of the enterprise is violated;
• Non-compliance of the company name with the requirements of the legislation;
• Registered liquidation of the company;
• The submitted documents do not comply with the law.

Also, the grounds for suspending consideration of the application for changes in information about the company, etc., have not been exhausted.

In addition, the procedure for making changes to information about the company may be suspended if you have submitted an incomplete list of documents, the documents do not comply with the law, incorrect information about the company is indicated in the application, you have not paid an administrative fee, or you have submitted documents with a violation of the line for their submission.

In one case or another, you will not be able to sell the company, sell corporate rights in the company, change the composition of the founders and, accordingly, alienate or, conversely, formalize your right to manage the company or receive a profit in this enterprise. In connection with the above, it is better to entrust the change of the founders of the firm to a specialized Law Company.

 DOCUMENTS

The change of the founders of the enterprise (that is, the change in the composition of the founders of the enterprise) is made by the state registrar on the basis of the documents submitted by the applicant.

So, to perform the procedure of changing the composition of the founders, you may need the following documents:

• Application for change of the founders of the company;
• Minutes of the Founders' Meeting;
• A document confirming the registration of a foreign person in the country of origin;
• Receipt of payment of the administrative fee;
• The constituent document in the new edition (charter);
• Transfer certificate and distribution balance sheet, if the company becomes the property of another company;
• Minutes of the meeting on the withdrawal of the founder / founder or the application of an individual to withdraw from the founders;
• Agreement on the transfer of a part of the founder in the statutory capital;
• The decision of the fees on compulsory exclusion from the founders;
• A copy of the founder's death certificate;
• A court decision on the recognition of a missing person.

 PRICE

Change in the composition of the founders/sale of the company

1 Change in the composition of the founders

2 Sale of the enterprise;

3 Change of founders of the enterprise.

@  ADDRESS

LAW COMPANY EUROVECTOR

REPRESENTATIVE OFFICE OF THE LAW COMPANY EUROVECTOR IN MYKOLAEV

City: Mykolayiv

ADDRESS: st. Artilleriyskaya 19/1, office 305
 

Time of receipt:an appointment with the Mykolayiv city office will resume after the end of martial law. The provision of services is carried out remotely.

Online  

consultations: seven days a week 09:00АМ - 7:30РМ

Chat Center: seven days a week 09:00АМ - 9:30РМ

 

Registration for admission is carried out on the following contacts:

Phones:

 +38 (094) 9973105
 +38 (093) 1907047
 +38 (098) 1891818
 +38 (099) 5182838

Messengers: WeChat ID: eurovector2008

E-mail: [email protected]

 

REPRESENTATIVE OFFICE OF EUROVECTOR LAW COMPANY IN KYIV

City: Kyiv

ADDRESS: st. George Kirpa 2-B
 

Time of receipt: an appointment with the Kyiv city office will resume after the end of martial law. The provision of services is carried out remotely.

Online  

consultations: seven days a week 09:00АМ - 7:30РМ

Chat Center:seven days a week 09:00АМ - 9:30РМ

 

Registration for admission is carried out on the following contacts:

Phones:

 +38 (094) 9973105
 +38 (093) 1907047
 +38 (098) 1891818
 +38 (099) 5182838

Messengers: WeChat ID: eurovector2008

E-mail: [email protected]

Attention!

• Time zone in Ukraine - Eastern European Time (EET): summer time - UTC +3, standard time - UTC +2.

  HOW TO GET THE SERVICE?

 

Customer

 

 

LAW COMPANY EUROVECTOR

Call the office of the legal company EUROVECTOR or fill out an application on the website - 5 minutes.

1

Administrator answer, appointment for a consultation with a specialist - 5 min.

Pays for the consultation, provides the company with information, documents for a preliminary consultation - 10 min.

2

Contacts the customer, studies his goals, facts, circumstances, documents and conducts a consultation - draws up a list of activities and documents necessary to achieve the goal - from 20 minutes.

Orders the services of the company specified in the consultation to achieve the final goal - 10 min.

3

Draws up a contract, accepts an order for services necessary to achieve the goals of the customer - 10 min.

Provides documents and takes part if necessary.

4

Performs the service - established by the contract timing.

Receives performed services from LC EUROVECTOR - 20 min.

5

Transfers the completed services to the Customer - 20 min.

Total - 45 minutes

 

Total terms established by the contract.

  ATTENTION

Dear readers, partners, clients of the company. We try to keep our articles described in the services up to date and promptly make changes to them, however, LC EUROVECTOR does not guarantee that the services, procedures, list of documents, government payments or the cost of our services described in this article are up to date at the time of reading the article by you.

Articles for services, described on the website of the LC EUROVECTOR, – the vision and opinion of the authors, and the services themselves, offered by the law firm, are advisory in nature and reflect the relevance of legislative acts at the time of publication of the service.

Information, references to legislation or to other articles on the services of LC EUROVECTOR do not guarantee their relevance or full scope, since:

1 Today the legislation of Ukraine has a tendency to constant changes, additions and exceptions.

2 The information may be sufficient for the provision of services by LC EUROVECTOR, but not enough for independent use. Before you independently carry out the procedures described in this article, service, you should carefully read the current legislation. In addition to legislation, there are also practical aspects of its application and technical features of various procedures.

We will be grateful if you contact our specialists.

 FREQUENTLY ASKED QUESTIONS

Good afternoon! Documents were lost and with them an extract on the registration of an all-Ukrainian public organization, how can it be restored?

30.05.2022

• Good afternoon, we provide document recovery services for the all-Ukrainian public organization.