Limited Liability Companies

Probably everyone who knows what the recording company, is familiar with the concept of share capital. This term occurs in the constituent documents of absolutely all businesses. Without it, it does not do any tent with a beer or Oil Company. What is the share capital, try to understand. To begin with, that all the activities of legal persons, in particular, Ltd., regulated by existing legislation, namely the Federal Law 14-FZ “On Limited Liability Companies “on 02.08.1998 and the Civil Code. Expanding the concept llc, we conclude that an organizational-legal form of society, having a share capital, the size and shape, as well as distribution among the participants identified statutes. In practice, this means the following. Member or Members of society gathered at the founding meeting or making a decision alone determine how way they will shape the share capital.

Can make money or securities, and may any of its property or various rights having monetary value. Cost contributed property is determined all members of society and should be unanimously accepted by the general meeting. The next question is the size of the share capital. Law 14-FZ, clearly defines the minimum size of 100 minimum wages on day of application for registration of the llc to the registering authority. To date, this amounts to 10,000 rubles. This provision is intended to ensure the availability of property by a legal entity, in case of infringement of the interests of third parties. It should be noted that for certain activities, usually requiring the licensing, the minimum charter capital is increased. For example, in Moscow on small businesses for licensed to sell alcoholic beverages is required authorized capital of not less than 300,000 rubles. This is a very effective tool for market regulation. You’ve got to say that the parties are responsible for the company’s obligations only to the extent of its interest in the share capital, ie, the risk to those with money and property that they have made. If the number of participants exceeds the size of the contribution of each one Party may be strictly defined, or may impose restrictions on the increase or decrease in the proportion as well as changing relations between the shares of the participants or the number of participants. Such restrictions should contain articles of incorporation.

Existing law prescribes at the time of registration of the llc to make a share capital of not less than half of the total. Funds remaining members must make during the first year of existence of society. If you can not satisfy this condition, society must either reduce the size of its share capital by making changes in the constituent documents, or log in of another company by merger, or cease operations. Equity capital is one of the most important indicators of the company, determining the stability of this company as an internal and to external factors affecting income and profitability, showing the ratio of participants to their partners. The presence of large capital should ensure a stable existence of the company, its harmonic injection in today’s fast-growing economy.

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