Who is the founder of the company

Any enterprise, even if it is an individual private entrepreneur, arises as a result of a decision on its establishment, which is adopted by a group of individuals or legal entities or by an individual in the singular. These individuals and legal entities are the owners of this enterprise and are considered its founders. Their composition does not change, since only they stood at the origins of the economic activities of this company.

Founders Responsibilities

To decide on the establishment of an enterprise is not enough. The law establishes the rights and obligations of the founders in relation to their offspring. They bear all responsibility and risks associated not only with the creation, but also with the further activities of the enterprise, as well as with its reorganization and liquidation. Compensation for this is the profit distributed among the founders.

The duty of the founder or co-founders is to develop the Charter of the new enterprise and the formation of the authorized capital. It is formed by property or cash shares invested by the founders. The share in the authorized capital owned by each of the founders is indicated in the Charter of the enterprise and in other constituent documents.

The founders determine the type of ownership and type of activity, find the legal address at which the company will be registered, as well as the place where the production facilities will be located. They must complete all the documents necessary for registration of the created legal entity and submit them to the tax office. These documents are the basis for registration and entering the company in the Unified State Register of Legal Entities, on the basis of an extract from which the bank opens a current account, without which the activity of the enterprise is simply impossible.

The founders in the person of the chosen or appointed manager deal with the issues of making a seal and other company documents, depositing the authorized capital into a bank account. Their responsibilities also include the preparation of staffing, search and selection of candidates for available vacancies.