How to open a subsidiary

If a company is engaged in several activities that are interconnected, then it is entitled to create one or more subsidiaries. They are independent legal entities, at the same time they belong to the parent organization. They have the right to conclude agreements and implement other issues, but the director of the subsidiary is the director and the sole executive body of the main company.

You will need

• - documents of the main company;

• - charter of a subsidiary;

• - decision to create a subsidiary;

• - application form in the form p11001;

• - a document on the absence of debt of the main company.

Instruction manual

1

Make a charter of the subsidiary and write in it all the necessary conditions. If there are several holders of registered capital, then you need to conclude a memorandum of association, where the main point will be the distribution of shares between them. As a rule, a subsidiary is the organization in which the parent company has at least 20% of the total amount of capital (shares).

2

Draw up the minutes of the founders or the sole decision to create a subsidiary. The document is signed by the chairman, secretary of the council of participants or the sole founder.

3

As a rule, any company created (including a subsidiary) must provide a legal address. The document about this should be written by the director of the main organization.

4

The parent company should not have debts to the budget, tax authorities. In the registering chamber, the main company must request a letter indicating the absence of debts. Of course, a subsidiary is not responsible for the debts of the parent organization, it can recover losses incurred through the fault of the main company, but the creation of a subsidiary requires no debts.

5

Fill out the application form p11001. Indicate in it the necessary information about the legal form, name, address, authorized capital, founders and the sole executive body.

6

When creating an enterprise in a completed form, together with the above documents, certificate of state registration of the parent company, copies of the passports of the director of the subsidiary and the appointed chief accountant, submit to the tax authority at its location. After registration, the subsidiary will be able to carry out activities: conclude agreements, have its own balance sheet, bank account and seal.

• Registration of a subsidiary
• establishment of a subsidiary