How to enter the corporation

A corporation is an association of legal entities, which may include LLC, ZAO or OJSC. The purpose of the association is mutually beneficial economic cooperation based on the mutual interests of partner organizations.

You will need

• - protocol;

• - contract;

• - supplementary agreement;

• - entry in the registry.

Instruction manual

1

To enter the corporation, already accepted members of the association must hold a general meeting, the progress of which must be recorded and information on the number of participants voting for the adoption of new members in the corporation.

2

At the same time, a controlling stake remains within each individual organization, but the members of the corporation have the preemptive right to redeem them when selling the shares of any combined organization.

3

Direct cooperation contract. If your corporation already includes several partner organizations and a mutually beneficial economic cooperation agreement is drawn up, you can draw up an additional agreement to it, which indicates all the terms of cooperation with the new organization or renegotiate the agreement in full.

4

When drawing up a new agreement or an additional agreement, it is imperative that all holders of a controlling stake in each organization belonging to the corporation are present. If someone cannot attend, postpone the paperwork to another time.

5

If you have accepted new members to a private limited company, make a note in the internal register. When accepting new members to the incorporated corporation, LLC or OJSC, notify the tax office within seven business days of signing the contract. Information on the expansion of the corporation will be included in the unified register of legal entities, since information on the expansion of these companies is strictly monitored and documented.

6

The exit of their corporation to any partner organization is carried out in exactly the same way as the entrance to the community. The remaining members renegotiate the contract or draw up an additional agreement to it. If one of the business partners does not fulfill the financial obligations undertaken, the contract can be terminated unilaterally by voting of all members of the corporation.