How to join an LLC

Joining a new member in LLC can be carried out in two scenarios. In the first case, on the basis of Article No. 21 of the Federal Law "On Limited Liability Companies", when a part of the share is assigned to a new participant. The second option is based on article No. 19 of the said law, when a new participant increases its authorized capital at the expense of its own funds.

You will need

• - statement;

• - protocol;

• - charter;

• - a package of documents to the tax service for registration of changes and amendments to the Unified State Register of Legal Entities.

Instruction manual

1

In any case, the charter of the LLC should contain a clause on the rules for the entry of new participants, and the charter capital of the company should be fully paid. And one more important condition - all LLC participants must agree to the entry of a new member into their company.

2

Any participant joining the LLC is obliged to deposit his share in money, property rights, securities or other valuable means, regardless of whether he enters by purchasing part of the capital, or by increasing it.

3

In the application for joining the LLC, it is obligatory to indicate the amount of invested funds, the procedure for depositing them, the size of the share for which the new participant claims.

4

Next, gather a general meeting of all LLC participants. At the meeting, decide on the adoption of a new participant, by a general vote. Determine the nominal share size of the new member, make a decision on changing the shares of each member. Record the proceedings of the meeting and decisions. Based on it, you will amend the charter documents of the LLC.

5

If your company consists of one member, and you take the second one into it, make all decisions, minutes and changes yourself. The authorized capital must be replenished no later than within 6 months from the date of the decision.

6

The tax inspectorate carefully monitors changes in the composition of participants in a limited liability company. Therefore, the head of the company must inform the regional office of the Federal Tax Service in writing about the acceptance of new participants in the LLC, on the basis of which the USRLE will amend the composition of the participants.

7

Submit to the tax service: - a statement of the unified form Р13001; - a statement of the form Р14001 for changing the information in the Unified State Register of Legal Entities; - the minutes of the meeting and a photocopy; - a statement of the new participant and a photocopy; - a payment document confirming the increase in the authorized capital; - an amended charter and a photocopy; - receipt of payment for changes.

8

All documents must be submitted within 1 month from the date of adoption of the new member. If the authorized capital is not paid, the tax office will refuse to register the changes.