The table below summarizes the essential features of the most common types of companies in Brazil. Regular Company. By choice or.

Size: px
Start display at page:

Download "The table below summarizes the essential features of the most common types of companies in Brazil. Regular Company. By choice or."

Transcription

1 The National Trade Register Office not only is the core agency for the National Trade Register System but it is also responsible for carrying out a Brazilian Government Program that aims at improving the business environment through simplifying and modernizing the necessary procedures for opening, amending and closing a company. It operates nationwide alongside with agencies from the federal, state and local power, responsible for performing the services from the Public Register Office of Commercial Businesses and Similar Activities. Existing Types of Companies in Brazil: The table below summarizes the essential features of the most common types of companies in Brazil. Type of Company Sole Proprietorship LLC Microenterprise Up to R$ 360 thousand Up to R$ 360 thousand Structure/Annual Revenue Small Business Up to R$ 3,6 million Up to R$ 3,6 million Regular Company Associate/ Holder By choice or revenue beyond One holder R$ 3,6 million By choice or revenue beyond One holder R$ 3,6 million Tax Options Where to Register National Simple, Taxable Income Board or Estimated Trade Profit National Simple, Taxable Income Board or Estimated Trade Profit of of Sole Micro Entrepreneur Up to R$ 60 thousand Not applicable Not applicable One holder National Simple Internet LLP Up to R$ 360 thousand Up to R$ 3,6 million By choice or Two or more revenue beyond shareholders R$ 3,6 million National Simple, Taxable Income Board or Estimated Trade Profit of What is a Sole Proprietorship? The Sole Proprietorship is a legal form of company consisted of a sole (natural) holder who performs a business activity under his own name. The wealth and assets of the individual and the Sole Proprietorship are the same; therefore the holder shall respond personally and limitlessly for company s debts. It s important to highlight that the Sole Proprietorship can obtain several benefits if registering as a Sole Micro Entrepreneur. How to open, register and legalize as Sole Proprietorship? To open, register and legalize as Sole Proprietorship it s necessary to register within the Board of Trade, and based on the nature of the business activities it is also required to register within other agencies such as the Internal Revenue Service (CNPJ), Secretary of State Treasury (state registration and ICMS) and the Municipality (granting the Business License and authorization from agencies responsible for health, public safety, environment and others, depending on the nature of the activity). Step by step:

2 1 Board of Trade Register as Sole Proprietorship and choose your category as Microenterprise or Small Business. In this occasion you should present for filing at the Board of Trade the Entrepreneur s Application and choose the company structure as Microenterprise or Small Business, pursuant the requirements of the Complementary Law 123/2006. It is recommended to conduct prior consultation of trade name and address to avoid clash of business name and debts with the Municipality and other involved agencies. The consultation of trade name should be undertaken prior to registering the company through the Entrepreneur s Application. This action is necessary to check whether your intended business name has already been claimed. It avoids a change of business name after the registering process has started. 2 Prior Approval from Government Agencies, when appropriate. The business acts subject to prior approval of governmental agencies, for registration in the Boards of Trade, are listed in Annex of Instruction DNRC No. 114, from September 30, Brazilian Internal Revenue Service Register in the National Business Register System for a trade number (CNPJ). This registration can be performed with the filing for the Entrepreneur s Application in almost all Boards of Trade. If the Register System from your city or state is not connected to national level, this registration should be performed after the filing at the Board of Trade. 4 Secretary of State Treasury If the company performs industrial or commercial activities then register in the Secretary of State Treasury as taxpayer of the ICMS. This registration is to be done after filing for the Entrepreneur s Application in the Board of Trade and the registration in the Internal Revenue Service. 5 Municipality If the company performs service-related activities, enter registration at the Municipal s Taxpayer Registry. In several cities, this registration takes place simultaneously with the Business License. When meeting all the License issuance requirements and fulfilling tax registration, the Business License shall be requested and issued by the Municipality. How a Sole Proprietorship can set up as Microenterprise or Small Business? The entrepreneur can structure his company as Microenterprise or Small Business, pursuant the requirements of the Complementary Law 123 from December 14, The chosen structure will be effective through a declaration of purpose, which also should be required for filing.

3 What is a Limited Liability Company (LLC)? A LLC is a legal form of company consisted of a single holder who owns all of capital share, fully paid, which shall not be less than 100 (one hundred) times the highest minimum wage in force in the country. The holder shall not respond for company s debts with his personal wealth and assets. An individual can appear registered in only one LLC. The trade name shall consist of the company name accompanied by the acronym "LLC". The LLC may also result from a merge of capital shares from another association type into a single corporate associate, regardless of the reasons for such merge. The LLC shall be governed, where applicable, by the rules applicable to Limited Liability Partnership (LLP). How to open, register and legalize a Limited Liability Company (LLC)? To open, register and legalize a LLC it s necessary to register within the Board of Trade, and based on the nature of the business activities it is also required to register within other agencies such as the Internal Revenue Service (CNPJ), Secretary of State Treasury (state registration and ICMS) and the Municipality (granting the Business License and authorization from agencies responsible for health, public safety, environment and others, depending on the nature of the activity). Step by step: 1 Board of Trade Register as LLC and choose your category as Microenterprise or Small Business. In this occasion you should present for filing at the Board of Trade the Entrepreneur s Application and choose the company structure as Microenterprise or Small Business, pursuant the requirements of the Complementary Law 123/2006. It is recommended to conduct prior consultation of trade name and address to avoid clash of business name and debts with the Municipality and other involved agencies. The consultation of trade name should be undertaken prior to registering the company through the Entrepreneur s Application. This action is necessary to check whether your intended business name has already been claimed. It avoids a change of business name after the registering process has started. 2 Prior Approval from Government Agencies, when appropriate. The business acts subject to prior approval of governmental agencies, for registration in the Boards of Trade, are listed in Annex of Instruction DNRC No. 114, from September 30, Brazilian Internal Revenue Service Register in the National Business Register System for a trade number (CNPJ). This registration can be performed with the filing for the Entrepreneur s Application in almost all Boards of Trade. If the Register System from your city or state is not connected to national level, this registration should be performed after the filing at the Board of Trade.

4 4 Secretary of State Treasury If the company performs industrial or commercial activities then register in the Secretary of State Treasury as taxpayer of the ICMS. This registration is to be done after filing for the Entrepreneur s Application in the Board of Trade and the registration on the Internal Revenue Service. 5 Municipality If the company performs service-related activities, enter registration at the Municipal s Taxpayer Registry. In several cities, this registration takes place simultaneously with the Business License. When meeting all the License issuance requirements and fulfilling tax registration, the Business License shall be requested and issued by the Municipality. How to set up a Limited Liability Company (LLC) as Microenterprise or Small Business? The LLC can be structured as Microenterprise or Small Business, pursuant the requirements of the Complementary Law 123 from December 14, The chosen structure will be effective through a declaration of purpose, which also should be required for filing. The National Trade Register Office, through the Instruction No. 103 from April 30, 2007, established the procedures and requirements necessary for validating the chosen structure within the Boards of Trade. What is a Sole Micro Entrerpreneur? A Sole Micro Entrerpreneur is an individual who works on his own and register himself as a Micro Entrerpreneur. To register as a Sole Micro Entrerpreneur your annual revenue cannot overcome R$ ,00 and you cannot own other company s share as associate or holder. The Sole Micro Entrerpreneur may also hire an employee for the minimum wage or the prevailing wage for job group. The Complementary Law No. 128 from December 19, 2008, created special conditions for the known as informal worker to become a legal Sole Micro Entrerpreneur. Among the advantages of this Law is the registration on National Business Register System for a trade number (CNPJ), which facilitates the opening of a bank account, loan requests and invoice issuance. In addition, the Sole Micro Entrerpreneur can be structured as National Simple and shall be exempt from federal taxes (Income Tax, PIS, Cofins, IPI and CSLL). Therefore the Sole Micro Entrerpreneur shall only pay the fixed monthly amount of R$ 32,10 (trade or industry) or R$ 36,10 (services-related), which will be allocated to Social Security and to ICMS or to ISS. These amounts will be annually updated in accordance with the minimum wage. Through this contribution the Sole Micro Entrerpreneur shall enjoy social security benefits such as maternity-leave, sick-leave, retirement, among others. How to register as Sole Micro Entrerpreneur?

5 The registration as Sole Micro Entrerpreneur can be done for free on the website, in the field FORMALIZE-SE. After the registration as Sole Micro Entrerpreneur, the trade number (CNPJ) and registration number within the Board of Trade are immediately obtained without the need to submit any documents (and even a copy attached) to the Board of Trade. The Sole Micro Entrerpreneur can also register through accounting companies that have also chosen the National Simple tax payment option, which can be found throughout Brazil. These companies will perform the registration and the first annual IRS statement free of charge. What costs incur for registration and performance of a Sole Micro Entrerpreneur? The registration process is free of charge. For the registration and the first annual IRS statement there is a network throughout Brazil of accounting companies, that have also chosen the National Simple tax payment option, which do these tasks free of charge for the Sole Micro Entrerpreneur in the first IRS year. You shall pay "zero" tax for the Federal Government. And just a symbolic amount for the Municipality (R$ 5,00 for ISS) and the State (R$ 1,00 for ICMS). The Social Security will be reduced to 5% of the minimum wage (R$ 31.10) thus the Sole Micro Entrerpreneur is entitled to social security benefits. After registration, what costs incur for a Sole Micro Entrerpreneur? After registration, the following costs shall incur: - For Social Security: R$ 27,25 per month (stands for 5% of the minimum wage, which is adjusted in the beginning of every year); - For the State: R$ 1,00 per month, fixed, if the business activity commercial or industrial; - For the Municipality: R$ 5,00 per month, fixed, if the business activity is servicerelated. These payments are done through the DAS, which can be downloaded by any person in any computer with Internet connection. It shall be paid in any banking institution or lottery establishments until the 20 th of each month. What is a Limited Liability Partnership (LLP)? A LLP is a legal form of company which performs a commercial activity, consisted of two or more shareholders that contribute with money or assets valued in money for the generation of capital share. The liability of the shareholders is limited to the amount of capital share, but are jointly liable for paying the entire capital share, i.e. each associate has an obligation to its share in the capital, however may be required to pay up the shares of members who have left to pay them. How to open, register and legalize a Limited Liability Partnership (LLP)?

6 To open, register and legalize a LLP it s necessary to register within the Board of Trade, and based on the nature of the business activities it is also required to register within other agencies such as the Internal Revenue Service (CNPJ), Secretary of State Treasury (state registration and ICMS) and the Municipality (granting the Business License and authorization from agencies responsible for health, public safety, environment and others, depending on the nature of the activity). Step by step: 1 Board of Trade Register as LLP and choose your category as Microenterprise or Small Business. In this occasion you should present for filing at the Board of Trade the Entrepreneur s Application and choose the company structure as Microenterprise or Small Business, pursuant the requirements of the Complementary Law 123/2006. It is recommended to conduct prior consultation of trade name and address to avoid clash of business name and debts with the Municipality and other involved agencies. The consultation of trade name should be undertaken prior to registering the company through the Entrepreneur s Application. This action is necessary to check whether your intended business name has already been claimed. It avoids a change of business name after the registering process has started. 2 Prior Approval from Government Agencies, when appropriate. The business acts subject to prior approval of governmental agencies, for registration in the Boards of Trade, are listed in Annex of Instruction DNRC No. 114, from September 30, Brazilian Internal Revenue Service Register in the National Business Register System for a trade number (CNPJ). This registration can be performed with the filing for the Entrepreneur s Application in almost all Boards of Trade. If the Register System from your city or state is not connected to national level, this registration should be performed after the filing at the Board of Trade. 4 Secretary of State Treasury If the company performs industrial or commercial activities then register in the Secretary of State Treasury as taxpayer of the ICMS. This registration is to be done after filing for the Entrepreneur s Application in the Board of Trade and the registration on the Internal Revenue Service. 5 Municipality If the company performs service-related activities, enter registration at the Municipal s Taxpayer Registry. In several cities, this registration takes place simultaneously with the Business License. When meeting all the License issuance requirements and fulfilling tax registration, the Business License shall be requested and issued by the Municipality.

7 How to set up a Limited Liability Partnership (LLP) as Microenterprise or Small Business? The LLP can be structured as Microenterprise or Small Business, pursuant the requirements of the Complementary Law 123 from December 14, The chosen structure will be effective through a declaration of purpose, which also should be required for filing. The National Trade Register Office, through the Instruction No. 103 from April 30, 2007, established the procedures and requirements necessary for validating the chosen structure within the Boards of Trade. Other Legal Nature of Companies: What is a Corporation? A Corporation is a legal entity of private law consisting of two or more shareholders, of prominent business nature regardless of economic activity developed (art. 13 of Law No /76), where the capital is divided into shares of equal nominal value, which have free negotiability, limiting the shareholders liability at the issuance of price of shares. The company may be classified as open or closed. The art. 4 of the Corporation Law distinguishes them: "For the purposes of this law, the company is open or closed as the securities issued by it are or are not admitted to trading on the securities market." The open corporation is the one in which the securities (shares, debentures, participation certificates, etc.) are admitted to trading on the stock market or the OTC market, and should therefore be registered and have their securities registered within the Securities Commission; while the closed corporation does not issue securities admitted to trading in these markets. What is a Cooperative? The Cooperative is an association of people, with its own legal form and nature and, regardless of its purpose, the Act 10406/02 (single paragraph, art. 982, CC/ 2002) classifies it as simple society, not subject to bankruptcy. It is established to provide services for the benefit of its members (Article 4 of Law 5764/76), therefore nonprofitable. To establish a cooperative it is required a minimum number of individuals in order to form the company's management, the board of directors and the audit committee (item II, art. 1094, CC 2002), taking into account the future need to renew these bodies. Despite being classified as a simple society, the filing of its acts must be held in the Board of Trade, pursuant paragraph "a", item II, art. 32, Law 8.934/94. What is a Consortium? A Consortium is an association of two or more individuals, companies, organizations or governments, under common control or not, joining resources for the execution of a specific project and achieving a common goal.

8 The consortium, brought together to perform a specific project, does not acquire legal personality through the filing of its Bylaws in the Board of Trade from its headquarters, but must be approved by the competent board of the society to authorize the sale of noncurrent assets, and filing certificate of the Bylaws must be published. The bankruptcy of one company from the consortium does not extend to the others; remaining a consortium with the other companies; loans contracted by the bankrupted company shall be calculated and paid as agreed in the consortium s Bylaws. Opening or Nationalization of a Foreign Society s Subsidiary What is a Foreign Business Corporation? A business corporation shall be considered foreign when neither its headquarters are located in Brazil nor it s constituted in accordance with the Brazilian legislation, pursuant to articles and of the Civil Code. The foreign company, as well as its subsidiaries, agencies and branches, can only exploit the business activity in Brazil if regularly authorized by the Federal Executive power. A foreign company may operate by transferring its headquarters to Brazil, through a nationalization process pursuant to art of CC, or by installing a subsidiary, branch or agency, duly authorized by the Brazilian government, pursuant to article of the Civil Code, as well as a partner or shareholder of a Brazilian society, regardless of the aforementioned authorization. What is the procedure for installing a subsidiary of a foreign company in Brazil? To request an authorization for installation and operation of a subsidiary in Brazil at the Ministry of Development, Industry and Foreign Trade, you must follow the provisions of art. 2 of Instruction No. 81, 1999, available on the website of the National Trade Register Office (forward the original and one copy). What is the deadline for obtaining authorization for installing a subsidiary of a foreign company in Brazil? No deadline. What is the procedure for a Brazilian company to partner with a foreign company? You should follow the Instruction No. 76, 1998, available on the website of the National Trade Register Office. The whole procedure is done with the Board of Trade of the State that will register the company. You do not need permission of the Executive power.

9 What is the cost of obtaining authorization for installing a subsidiary of a foreign company? The cost is R$ 240,00 paid through DARF, code Can the documents related requesting authorization for installing a subsidiary of a foreign company be filed in the Board of Trade? No. The request and its related documents must be filed at the National Trade Register Office, located at SAUS, Quadra 2, lote 1/A, Asa Sul Brasília/DF, CEP: , personally or through mail. What is the procedure for transferring a foreign company to Brazil? First of all, the foreign company must open a subsidiary in Brazil; only after installed and registered in the Board of Trade, the company may request for its nationalization by transferring its headquarters, pursuant art. 9º of Instruction No. 81, 1999, available on the website of the National Trade Register Office. What is the procedure for cancelling a subsidiary of a foreign company? You must follow the provisions of art. 8 of Instruction No. 81, 1999, available on the website of the National Trade Register Office. Societies What is a Joint Venture? A Joint Venture is formally constituted by agreement and approval between the companies that comprise it, with main control by a Brazilian company, which constitute a relationship intercompany, combining efforts to take part into activities or projects of interest its member companies. Although the Venture does not acquire legal personality, the establishment of it through the Bylaws must be duly registered within the Board of Trade, as well as the minutes of general meetings and contract amendments from all companies that constitute the Joint Venture, and also a notarized statement of the number of shares that each company from the Group are holders in each of the affiliated companies, or a copy of the shareholders agreement that ensures control of each subsidiary company. A Joint Venture should have its own name, which must contain the wording venture or Joint Venture, which can only be used in this type of company, being forbidden its use by other types of companies in the composition of the corporate name, according to the Corporation s Law. What is a General Partnership? A General Partnership is one in which all members must necessarily be individuals and respond jointly and limitlessly for corporate obligations. However, the shareholders may estipulate liability limits for corporate obligations among themselves, but it will not have any enforcement against creditors. The management

10 of the company rests solely with the shareholders, being forbidden to appoint a third party to that function. A General Partnership should adopt a social name, not being allowed to use corporate name. What is a Limited Partnership? A Limited Partnership consists of shareholders who have unlimited liability for its social obligations and of shareholders that respond only for the payment of their respective shares; these last one are called limited shareholders and the first ones are called general partners. The company shall be managed by a general partner. In the absence of a shareholder who possesses the quality of general partner, limited shareholders must appoint an administrator, who will assume the condition of membership, to perform management during the period of one hundred and eighty days. The limited shareholder that practices management and/or makes use of the company name will be subject to social responsibilities as a general partner, meaning unlimited liability. What is a Limited Partnership by Shares? A Limited Partnership by Shares is one in which the capital is divided into shares, where the shareholders respond solely for the subscribed or purchased amount by them, but the managers (directors) do have unlimited liability due to social obligations. The directors who represent the partnership interests must necessarily be shareholders. The director is appointed for an indefinite period in the Bylaws and has unlimited liability towards the partnership obligations. The legal status of the Limited Partnership by Shares is ruled in Articles 280 to 284 of Law 6.404/76 and of the Civil Code from 2002.

11 - Information on DNRC and JCDF Services Provided: What is the address of DNRC and the JCDF? SAS Qd 02 Lote 1ª, Brasília/DF, CEP (beside INSS building). What are the working hours of the JCDF? From 8:30am to 4:30pm, non-stop. What is the cost of the simplified certificate? Can it be downloaded from the Internet? How do I apply? The cost for each simplified certificate is R$10,00 (ten Reais), paid in any banking institution, postal office and lottery establishments, DARF code She may only be withdrawn in person at the JCDF/DNRC from 8:30am to 4:30pm within the next three (3) working days. What is the cost for requesting a copy of the company s acts? What is the deadline? Can I download it on the Internet? - Acts from Limited Liability Partnership (LLP): contract, contract amendment, contract recission, balance sheets, power of attorney, amongst other documents: R$ 20,00 (twenty Reais per act); - Acts from Sole Proprietorship: registration, amendment, termination, balance sheets, power of attorney, amongst other documents: R$ 10,00 (ten Reais per act); - Acts from Cooperative, Consortium and Corporation: constitution, minutes EGM and AGM, amongst other documents: R$ 27,00 (twenty seven Reais per act). The deadline for this service is 04 (four) days and can only be personally addressed and withdrawn, not being possible to request and print through the Internet. Is there any service of the JCDF/DNRC in the Empresa Fácil do GDF or at the NA HORA? Not yet. How do I choose a sworn translator? Click on the option "sworn translators" on the JCDF homepage (www.jcdf.desenvolvimento.gov.br) and choose by name and language. The translation service is not provided by the JCDF/DNRC and price list of translators can also be viewed in the above mentioned link. If doubts call extension 8801 and How do I hire a public auctioneer?

12 Click on the option "public auctioneers" on the JCDF homepage (www.jcdf.desenvolvimento.gov.br) and choose. If doubts call extension 8801 and What is SPED? SPED stands for Digital Public Digital Bookkeeping, which is a new type of digital validation of books in the Boards of Trade. If doubts call extension 8868 and It allows the Boards of Trade to receive commercial books for validation through the Internet, replacing the paper Record Books, already in use by the Boards of Trade. What is the deadline for the process approval within JCDF/DNRC? A single decision process: constitution, amendment and termination of LLP and Cooperative have a deadline of 03 (three) working days. A collegiate decision process: constitution, amendment and termination of Corporation; conversion, demerger, merger, joint ventures of Consortium or Joint Ventures have deadline of 10 (ten) business days. Where can I obtain a process cover, the request form for a copy of the process and the request form for the simplified certificate? Forms (process cover and requests) and the DARF are distributed free of charge at the information desk of JCDF. What are the working hours of Banco do Brasil at the JCDF and what are the services provided to clients from JCDF/DNRC? From 12:00pm to 16:00pm to pay the DARF. Where do I file a complaint regarding the services provided by JCDF/DNRC? At the General-Secretariat from JCDF. Where can I request further information regarding the process requirements? At the information desk. Should it not be answered, please refer to the General- Secretariat. How do I perform a Business Name Search? Click on the option name search on the JCDF homepage (www.jcdf.desenvolvimento.gov.br). You will receive a protocol number to monitor your search when you will fill in all required data.

13 Table of costs of the main services provided by the JCDF: SERVICE Cost R$ Simplified and specific certificates 10,00 Full certificate (copy of acts) of LLP; price per act. 20,00 Full certificate (copy of acts) of Corporation and 27,00 Cooperative; price per act. Full certificate (copy of acts) of Sole Proprietorship; price 10,00 per act. Registration/amendment/termination of LLP 55,00 Registration/amendment/termination of Sole 30,00 Proprietorship Registration/minutes/termination of Corporation/ 85,00 Cooperative/ Consortium Bookepping registration; per book. 10,00 Conversion of LLP into Sole Proprietorship 55, ,00 PS: Before conversion should make an amendment changing it the LLP to a single shareholder. Should be submitted on a separate process cover. Conversion of LLP into Corporation. 55, ,00 Conversion of Sole Proprietorship into LLP. 30, ,00 PS: Should be submitted on a separate process cover. Registration/amendment/termination/conversion of LLC 55,00 Opening/amendment of subsidiary from another state 22, ,00 (no matter the nature of the company). Document registration/termination of subsidiary from another state (no matter the nature of the company). What is the CGSIM? per subsidiary 22,00 The Management Committee of Redesim was established by Law /2007 in order to enforce and manage the Redesim, and it has been running since the creation of the Management Committee of Redesim, established by Decree No from 25/06/2009. The National Trade Register Office is one of the agencies from CGSIM, being the responsible body for its Executive Secretariat. What is the Gerimagem? Gerimagem stand for Image Manager System, an integrated application to the computerized systems of the Boards of Trade, which allows previewing scanned images of archived documents from the Boards of Trade related to opening, amendment and termination processes. What is the CNE? The National Register of Commerce aims at providing information to assist on public policy formulation and business planning.

14 What is the SIARCO? The Digital Integrated Register of Commerce combines and provides information from all Brazilian Boards of Trade to the National Register of Commerce, connecting nowadays 24 Brazilian states. My documents were (Stolen, Shoplifted, Misplaced, Defrauded). How do I prevent these documents of being misused to start a business on my behalf? You should request for these documents to be cancelled at National Trade Register Office, at address SAS Qd 02 Lote 1ª Brasília/DF CEP (beside the INSS building) or through the All cancellation requests must contain the applicant s details: full name, RG, CPF and address as well as a copy of the Police Report.

Manual CIVIL DEFENSE PAYMENT CARD

Manual CIVIL DEFENSE PAYMENT CARD Manual CIVIL DEFENSE PAYMENT CARD Summary Introduction... 7 Target users... 7 Description... 7 Joining and opening accounts... 8 Services and benefits to the entity receiving the funds... 8 Services

More information

COMPANY LAW OF MONGOLIA CHAPTER 1 GENERAL PROVISIONS

COMPANY LAW OF MONGOLIA CHAPTER 1 GENERAL PROVISIONS COMPANY LAW OF MONGOLIA CHAPTER 1 GENERAL PROVISIONS Article 1. Purpose of the Law 97.1. The purpose of this Law is to regulate the establishment, registration and reorganization of a company, its management

More information

3 ESTABLISHING A LEGAL PRESENCE

3 ESTABLISHING A LEGAL PRESENCE organizations funded by the state budget, other units of state importance, and certain public facilities. The main authority responsible for the implementation of the Second Privatization Program and coordination

More information

Internal Revenue Service

Internal Revenue Service Internal Revenue Service Number: 200750009 Release Date: 12/14/2007 Index Numbers: 368.04-00, 355.01-00 ---------------------- -------------------------------------------------- --------------------------------------

More information

COMMERCIAL AGREEMENT (E-COMMERCE) AND DIGITAL MARKETING PARTNERSHIP - TERM OF AGREEMENT

COMMERCIAL AGREEMENT (E-COMMERCE) AND DIGITAL MARKETING PARTNERSHIP - TERM OF AGREEMENT COMMERCIAL AGREEMENT (E-COMMERCE) AND DIGITAL MARKETING PARTNERSHIP - TERM OF AGREEMENT On one side, New Now LLC Headquartered in Brentwood, USA 1116 Westgate Circle, Brentwood, TN 37027, hereinafter simply

More information

Internal Revenue Service Number: 200405009 Release Date: 01/30/2004 Index Number: 355.04-00

Internal Revenue Service Number: 200405009 Release Date: 01/30/2004 Index Number: 355.04-00 Internal Revenue Service Number: 200405009 Release Date: 01/30/2004 Index Number: 355.04-00 --------------------- -------------------------------- --------------------------------------------------- --------------------------------------

More information

RESOLUTION - RDC No. 102, OF AUGUST 24 th, 2016

RESOLUTION - RDC No. 102, OF AUGUST 24 th, 2016 RESOLUTION - RDC No. 102, OF AUGUST 24 th, 2016 Regulates the procedures for product registration transfer of ownership subject to sanitary surveillance, global transfer of responsibility for clinical

More information

FORMATION AND OPERATION OF AN LLC IN CALIFORNIA

FORMATION AND OPERATION OF AN LLC IN CALIFORNIA FORMATION AND OPERATION OF AN LLC IN CALIFORNIA This LLC corpus contains informational documentation provided as a service to help people understand California LLCs. Forms and instructions for many of

More information

R E P U B L I C O F A R M E N I A L A W

R E P U B L I C O F A R M E N I A L A W R E P U B L I C O F A R M E N I A L A W ON JOINT-STOCK COMPANIES - YEREVAN 2001-1 REPUBLIC OF ARMENIA LAW ON JOINT-STOCK COMPANIES CHAPTER I. GENERAL PROVISIONS Article 1. Objectives and Scope of Law 1.

More information

CORPORATE LEGAL FRAMEWORK IN JORDAN. Legal reference: The Companies Law No. 27 of 2002 and its amendments

CORPORATE LEGAL FRAMEWORK IN JORDAN. Legal reference: The Companies Law No. 27 of 2002 and its amendments CORPORATE LEGAL FRAMEWORK IN JORDAN Legal reference: The Companies Law No. 27 of 2002 and its amendments Under the Jordanian different types of companies offer different advantages and have different requirements

More information

OF THE REPUBLIC OF ARMENIA ON LIMITED LIABILITY COMPANIES

OF THE REPUBLIC OF ARMENIA ON LIMITED LIABILITY COMPANIES LAW OF THE REPUBLIC OF ARMENIA Adopted on October 24, 2001 CHAPTER 1. GENERAL PROVISIONS Article 1. Scope of the Law This law regulates the legal relationships arising from establishment, activity, reorganization

More information

CHAPTER 1 ESTABLISHING A NEW BUSINESS IN THE UNITED STATES

CHAPTER 1 ESTABLISHING A NEW BUSINESS IN THE UNITED STATES CHAPTER 1 ESTABLISHING A NEW BUSINESS IN THE UNITED STATES 1. CHOICE OF ENTITY A foreign investor may choose from a variety of forms of entities to do business in the United States. Such forms of entities

More information

CHOOSING THE FORM OF BUSINESS ORGANIZATION

CHOOSING THE FORM OF BUSINESS ORGANIZATION CHOOSING THE FORM OF BUSINESS ORGANIZATION TAX AND NON-TAX CONSIDERATIONS INTRODUCTION One of the fundamental initial decisions a new business owner faces is choosing the form of organization for the business.

More information

Official Gazette of the Republic of Montenegro 06/02 Official Gazette of Montenegro, 17/07, 80/08, 40/10, 36/11 [unofficial translation]

Official Gazette of the Republic of Montenegro 06/02 Official Gazette of Montenegro, 17/07, 80/08, 40/10, 36/11 [unofficial translation] Pursuant to Article 88, item 2 of the Constitution of the Republic of Montenegro I hereby pass the DECREE PROMULGATING THE LAW ON BUSINESS ORGANIZATIONS I hereby promulgate the Law on Business Organizations

More information

Business Organization\Tax Structure

Business Organization\Tax Structure Business Organization\Tax Structure One of the first decisions a new business owner faces is choosing a structure for the business. Businesses range in size and complexity, from someone who is self-employed

More information

Act on Mortgage Credit Banks 23.12.1999/1240. Chapter 1 General provisions. Section 1 Definition of a mortgage credit bank

Act on Mortgage Credit Banks 23.12.1999/1240. Chapter 1 General provisions. Section 1 Definition of a mortgage credit bank (Unofficial translation, amendments up to 645/2006 included) Act on Mortgage Credit Banks 23.12.1999/1240 Chapter 1 General provisions Section 1 Definition of a mortgage credit bank A mortgage credit bank

More information

TAXATION ON SOFTWARE Dispute Resolution nº 27/2008 of Brazilian Federal Revenue

TAXATION ON SOFTWARE Dispute Resolution nº 27/2008 of Brazilian Federal Revenue Brasil 01452-002 SP TAXATION ON SOFTWARE Dispute Resolution nº 27/2008 of Brazilian Federal Revenue In the taxation field, the application given to software still involves some controversy that is related

More information

CHAPTER I I. Formation of a limited liability company CHAPTER I. GENERAL PROVISIONS

CHAPTER I I. Formation of a limited liability company CHAPTER I. GENERAL PROVISIONS Law of the Republic of Kazakhstan dated April 22, 1998 220-I On limited liability companies and additional liability companies (with alterations and amendments as of 29.12.2014) CHAPTER I. General provisions

More information

M I N I S T R Y O F T R E A S U R Y

M I N I S T R Y O F T R E A S U R Y M I N I S T R Y O F T R E A S U R Y DETAILED INFORMATION CONCERNING THE PROCEDURE ON THE DISPOSAL OF SHARES OF POLSKA ŻEGLUGA BAŁTYCKA S.A. WITH ITS REGISTERED OFFICE IN KOŁOBRZEG This document refers

More information

Act on Investment Firms 26.7.1996/579

Act on Investment Firms 26.7.1996/579 Please note: This is an unofficial translation. Amendments up to 135/2007 included, May 2007. Act on Investment Firms 26.7.1996/579 CHAPTER 1 General provisions Section 1 Scope of application This Act

More information

APPLICATION for NATIONAL CERTIFICATION as a VETERAN BUSINESS ENTERPRISE

APPLICATION for NATIONAL CERTIFICATION as a VETERAN BUSINESS ENTERPRISE APPLICATION for NATIONAL CERTIFICATION as a VETERAN BUSINESS ENTERPRISE APPLICATION FOR NATIONAL CERTIFICATION AS A VETERAN OWNED AND CONTROLLED BUSINESS Introduction We welcome your interest in NWBOC

More information

NEBRASKA MORTGAGE BANKER FREQUENTLY ASKED QUESTIONS

NEBRASKA MORTGAGE BANKER FREQUENTLY ASKED QUESTIONS NEBRASKA MORTGAGE BANKER FREQUENTLY ASKED QUESTIONS Loan Originator Licensing Q. What are the requirements to obtain a mortgage loan originator license in Nebraska? A. In accordance with the requirements

More information

Business Organization\Tax Structure

Business Organization\Tax Structure Business Organization\Tax Structure Kansas Secretary of State s Office Business Services Division First Floor, Memorial Hall 120 S.W. 10th Avenue Topeka, KS 66612-1594 Phone: (785) 296-4564 Fax: (785)

More information

Limited Liability Company Frequently Asked Questions

Limited Liability Company Frequently Asked Questions Limited Liability Company Frequently Asked Questions Here are some answers to questions we receive frequently from the public about Limited Liability Companies (LLC). We provide this for informational

More information

Part 5. Tax Credits for Qualified Business Investments. 105-163.010. (Repealed effective for investments made on or after January 1, 2013)

Part 5. Tax Credits for Qualified Business Investments. 105-163.010. (Repealed effective for investments made on or after January 1, 2013) Part 5. Tax Credits for Qualified Business Investments. 105-163.010. (Repealed effective for investments made on or after January 1, 2013) Definitions. The following definitions apply in this Part: (1)

More information

Overview of Entities in the DIFC

Overview of Entities in the DIFC Overview of Entities in the DIFC Table of Contents Page Topic Objectives... 3 Session 1: Legal structures in the DIFC... 4 Session 2: Legal structures & their use... Error! Bookmark not defined. Session

More information

NOTICE OF PUBLIC CALL FOR INVESTORS ANEEL Auction 004/2014 LOTS A and E

NOTICE OF PUBLIC CALL FOR INVESTORS ANEEL Auction 004/2014 LOTS A and E NOTICE OF ANEEL Auction 004/2014 LOTS A and E 1. PURPOSE The purpose of this Public Call is the selection of companies that may be interested in establishing a partnership with ELETROSUL for the implementation

More information

Certificate Regarding Accounts

Certificate Regarding Accounts Certificate Regarding Accounts V 1.5_09_27_10 Instructions: Complete all relevant spaces with the requested information as applicable to the type of organization. Obtain signature of certifying signer(s)

More information

How to set up a company in South Africa

How to set up a company in South Africa How to set up a company in South Africa Business entities and registration procedures The most common business entities in South Africa are: 1. Companies 2. Close corporations 3. Partnerships and sole

More information

3 FORMS OF BUSINESS ORGANISATION

3 FORMS OF BUSINESS ORGANISATION 3 FORMS OF BUSINESS ORGANISATION Introduction Legal Forms of Business - Sole Proprietorship - Partnership - Company - Not-for-Profit Organisation Factors Influencing Organisation Structure - Set-up Time/Cost

More information

Secretary of State: Connie Lawson

Secretary of State: Connie Lawson Page 1 of 8 Secretary of State: Connie Lawson Business Services Division An Entrepreneur's Guide to Starting A Business in Indiana Dear Future Indiana Entrepreneur: Thank you for your interest in operating

More information

CHOICE OF BUSINESS ENTITY

CHOICE OF BUSINESS ENTITY CHOICE OF BUSINESS ENTITY Presented by James M. Jimenez, Esq. Pacific Business Law Group A Professional Corporation 1601 Cloverfield Boulevard Suite 200 South Tower Santa Monica, California 90401 July

More information

Nebraska Department of Insurance 941 O Street, Suite 400 Lincoln, Nebraska 68508-3639

Nebraska Department of Insurance 941 O Street, Suite 400 Lincoln, Nebraska 68508-3639 Nebraska Department of Insurance 941 O Street, Suite 400 Lincoln, Nebraska 68508-3639 REQUIREMENTS AND PROCEDURE FOR OBTAINING A CERTIFICATE OF AUTHORITY TO TRANSACT BUSINESS AS A THIRD PARTY ADMINISTRATOR

More information

PREFACE. How to Register a Business in Namibia 2

PREFACE. How to Register a Business in Namibia 2 How to Register a Business in Namibia 1 PREFACE This booklet explores the ways how the choice of business entity may be important to you as a business person. This guide is designed to be your introduction

More information

Delaware. Business Entities under the General Corporation Law of. www.csb.gov.ge www.declaration.ge www.hr.gov.ge

Delaware. Business Entities under the General Corporation Law of. www.csb.gov.ge www.declaration.ge www.hr.gov.ge Business Entities under the General Corporation Law of Delaware www.csb.gov.ge www.declaration.ge www.hr.gov.ge Civil Service Bureau Reform & Development Department 1 The underlying, guiding principle

More information

Registration of Credit Institutions and the Licensing of Banking Activities

Registration of Credit Institutions and the Licensing of Banking Activities Registration of Credit Institutions and the Licensing of Banking Activities The procedures for registering credit institutions and licensing banking operations, verifying the legitimacy of shareholding

More information

Elaine F. Marshall Secretary of State

Elaine F. Marshall Secretary of State NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE Organizing Your Limited Liability Company in North Carolina Elaine F Marshall Secretary of State CORPORATIONS DIVISION A Message from The Secretary

More information

COLORADO LIMITED LIABILITY COMPANY CHECKLIST

COLORADO LIMITED LIABILITY COMPANY CHECKLIST COLORADO LIMITED LIABILITY COMPANY CHECKLIST ARTICLES OF ORGANIZATION Name of Entity: A business name must be distinguishable from any other active business name in Colorado the Secretary of State s records.

More information

LAW OF THE REPUBLIC OF TAJIKISTAN ON LIMITED LIABILITY COMPANIES

LAW OF THE REPUBLIC OF TAJIKISTAN ON LIMITED LIABILITY COMPANIES LAW OF THE REPUBLIC OF TAJIKISTAN ON LIMITED LIABILITY COMPANIES CHAPTER 1. GENERAL PROVISIONS CHAPTER 2. FOUNDATION OF LIMITED LIABLITY COMPANY CHAPTER 3.AUTHORIZED CAPITAL OF A COMPANY CHAPTER 4. PROPERTY

More information

A GUIDE TO THE OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE

A GUIDE TO THE OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE A GUIDE TO THE OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE Issued by THE REGISTRAR OF OCCUPATIONAL RETIREMENT SCHEMES Level 16, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong. ORS/C/5

More information

LAW OF THE REPUBLIC OF KAZAKHSTAN ON LIMITED LIABILITY PARTNERSHIPS AND ADDITIONAL LIABILITY PARTNERSHIPS OF APRIL 22, 1998 N

LAW OF THE REPUBLIC OF KAZAKHSTAN ON LIMITED LIABILITY PARTNERSHIPS AND ADDITIONAL LIABILITY PARTNERSHIPS OF APRIL 22, 1998 N LAW OF THE REPUBLIC OF KAZAKHSTAN ON LIMITED LIABILITY PARTNERSHIPS AND ADDITIONAL LIABILITY PARTNERSHIPS OF APRIL 22, 1998 N 220-1 (with amendments and additions as of August 7, 2007) CHAPTER I. GENERAL

More information

Franchise Tax Board s Guide to: Forms of Ownership

Franchise Tax Board s Guide to: Forms of Ownership Franchise Tax Board s Guide to: Forms of Ownership As a new business owner, one of the first critical questions is deciding which form of ownership will best meet your business needs. Selecting the legal

More information

SAALFELD GRIGGS DENTAL INDUSTRY TEAM WHITE PAPER: CHOICE OF ENTITY FOR DENTISTS

SAALFELD GRIGGS DENTAL INDUSTRY TEAM WHITE PAPER: CHOICE OF ENTITY FOR DENTISTS SAALFELD GRIGGS DENTAL INDUSTRY TEAM WHITE PAPER: CHOICE OF ENTITY FOR DENTISTS BY Th AMY GEERHART & DAVID MYERS I. Introduction Dentists may operate their practices through several forms of entities,

More information

(unofficial English translation)

(unofficial English translation) REGULATION ON PREVENTION OF MONEY LAUNDERING AND FINANCING OF TERRORISM FOR MONEY TRANSFER BUSINESSES AND MONEY CHANGING BUSINESSES (unofficial English translation) REGULATION ON PREVENTION OF MONEY LAUNDERING

More information

BUSINESS ENTITY BASICS

BUSINESS ENTITY BASICS LEGAL SERVICES FOR ENTREPRENEURS 415-543-9444, Ext. 217 lse@lccr.com BUSINESS ENTITY BASICS Presented By Lisa Li, Wilmer Hale LLP DISCLAIMER The information contained in this presentation has been prepared

More information

DEPARTMENT OF THE TREASURY TECHNICAL EXPLANATION OF THE PROTOCOL BETWEEN THE UNITED STATES OF AMERICA AND

DEPARTMENT OF THE TREASURY TECHNICAL EXPLANATION OF THE PROTOCOL BETWEEN THE UNITED STATES OF AMERICA AND DEPARTMENT OF THE TREASURY TECHNICAL EXPLANATION OF THE PROTOCOL BETWEEN THE UNITED STATES OF AMERICA AND THE FRENCH REPUBLIC SIGNED AT WASHINGTON ON DECEMBER 8, 2004 AMENDING THE CONVENTION BETWEEN THE

More information

(Informal Translation) Chapter One. General Provisions. 1- The deposit of securities with the Company or with any licensed entity;

(Informal Translation) Chapter One. General Provisions. 1- The deposit of securities with the Company or with any licensed entity; CAPITAL MARKET AUTHORITY (Informal Translation) Central Securities Depository and Registry Law No. 93 of 2000 Chapter One General Provisions Article 1 In this Law, the Company means a company licensed

More information

Sole Proprietorship. Forming a Sole Proprietorship. Sole Proprietor Taxes

Sole Proprietorship. Forming a Sole Proprietorship. Sole Proprietor Taxes Sole Proprietorship A sole proprietorship is the simplest and most common structure chosen to start a business. It is an unincorporated business owned and run by one individual with no distinction between

More information

1. This chapter deals with operations in the foreign exchange market relative to Brazilian exports of goods and services.

1. This chapter deals with operations in the foreign exchange market relative to Brazilian exports of goods and services. SECTION : 1 - General Provisions 1. This chapter deals with operations in the foreign exchange market relative to Brazilian exports of goods and services. 2. Brazilian exporters of goods and services can

More information

NAKED BRAND GROUP INC. (Exact name of registrant as specified in its charter)

NAKED BRAND GROUP INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

DESCRIPTION OF THE PLAN

DESCRIPTION OF THE PLAN DESCRIPTION OF THE PLAN PURPOSE 1. What is the purpose of the Plan? The purpose of the Plan is to provide eligible record owners of common stock of the Company with a simple and convenient means of investing

More information

In practice, foreigners usually establish LLCs. Partnerships and joint stock companies are only established in exceptional cases.

In practice, foreigners usually establish LLCs. Partnerships and joint stock companies are only established in exceptional cases. Company Laws The Companies Law is the principal body of legislation governing companies. Saudi company law recognizes eight forms of companies. The most common forms are limited liability companies (LLC),

More information

GLOBAL CORPORATE CONSULTANTS GmbH 2009 All Rights Reserved DELAWARE LIMITED LIABILITY COMPANY

GLOBAL CORPORATE CONSULTANTS GmbH 2009 All Rights Reserved DELAWARE LIMITED LIABILITY COMPANY DELAWARE LIMITED LIABILITY COMPANY 55 Delaware Limited Liability Company* Also used for the Nevada and Wyoming LLC I. GENERAL FACTS The State of Delaware is the second smallest state in the United States

More information

IDENTIFY THE CHANCES SHAPE THE FUTURE

IDENTIFY THE CHANCES SHAPE THE FUTURE Status: june 2015 Complete text of Memorandum and Articles of Association of DMG MORI Aktiengesellschaft Bielefeld IDENTIFY THE CHANCES SHAPE THE FUTURE 1 (1) The Company exists under the name DMG MORI

More information

advice backed by our knowledge and experience Delta Community Credit Union Business Services distinguished by

advice backed by our knowledge and experience Delta Community Credit Union Business Services distinguished by Delta Community Credit Union is a financial institution with over $3.3 billion in assets. Delta Community Credit Union Business Services distinguished by We are a cooperative, owned and operated by our

More information

Limited Liability Companies Act Finland

Limited Liability Companies Act Finland [UNOFFICIAL TRANSLATION Ministry of Justice, Finland 2012] Limited Liability Companies Act Finland (624/2006; amendments up to 981/2011 included; osakeyhtiölaki) PART I GENERAL PRINCIPLES, INCORPORATION

More information

Re: Taxpayer = Attorney-in-Fact = Company = Sub = State A = State B = Business C = Date D = Date E = Date F = Type G insurance = State A Statute = a =

Re: Taxpayer = Attorney-in-Fact = Company = Sub = State A = State B = Business C = Date D = Date E = Date F = Type G insurance = State A Statute = a = Internal Revenue Service Number: 200019036 Release Date: 5/12/2000 Index Numbers: 368.08-00 Department of the Treasury Person to Contact: Telephone Number: Refer Reply To: CC:DOM:CORP:2 - PLR-111190-99

More information

State of Michigan Entrepreneur s Guide Department of Consumer and Industry Services Corporation, Securities and Land Development Bureau

State of Michigan Entrepreneur s Guide Department of Consumer and Industry Services Corporation, Securities and Land Development Bureau State of Michigan Entrepreneur s Guide Department of Consumer and Industry Services Corporation, Securities and Land Development Bureau CONTENTS INTRODUCTION...4 CORPORATION, SECURITIES AND LAND DEVELOPMENT

More information

State of Wisconsin Department of Revenue Limited Liability Companies (LLCs)

State of Wisconsin Department of Revenue Limited Liability Companies (LLCs) State of Wisconsin Department of Revenue Limited Liability Companies (LLCs) Publication 119 (2/15) Table of Contents 2 Page I. INTRODUCTION... 4 II. DEFINITIONS APPLICABLE TO LLCS... 4 III. FORMATION OF

More information

Listing and Admission to Trading Rules for. Short Term Paper. Release 2

Listing and Admission to Trading Rules for. Short Term Paper. Release 2 Listing and Admission to Trading Rules for Short Term Paper Release 2 14 April 2014 Scope These Listing and Admission to Trading Rules ( Rules ) relate to the Listing and admission to trading on the Main

More information

8. Licensing and Permitting Egypt Open for Business

8. Licensing and Permitting Egypt Open for Business Egypt s Investment Promotion Program 8. Licensing and Permitting Egypt Open for Business Egyptʹs Investment Promotion Program 8.1. Business Licensing Forms of Companies and Their Legal Frameworks Overview

More information

Company Formation in Turkey

Company Formation in Turkey Company Formation in Turkey At Ketenci&Ketenci we regularly assist foreign corporations and investors to form new companies and branches in Turkey. Thanks to the Turkish Direct Foreign Investment regulation;

More information

NOTICE OF JOINT SHAREHOLDERS MEETING

NOTICE OF JOINT SHAREHOLDERS MEETING SOCIETE GENERALE A French limited liability company with share capital of EUR 542 691 448,75 Head office: 29, boulevard Haussmann 75009 Paris 552 120 222 R.C.S. Paris NOTICE OF JOINT SHAREHOLDERS MEETING

More information

United Arab Emirates

United Arab Emirates United Arab Emirates Afridi & Angell Amjad Ali Khan BASIC INFORMATION ON THE TYPES OF LIMITED LIABILITY COMPANIES AND ON THE RIGHTS OF SHAREHOLDERS 1. What types of companies enjoy limited liability? If

More information

FARM LEGAL SERIES June 2015 Choosing the Right Business Entity

FARM LEGAL SERIES June 2015 Choosing the Right Business Entity Agricultural Business Management FARM LEGAL SERIES June 2015 Choosing the Right Business Entity Phillip L. Kunkel, S. Scott Wick Attorneys, Gray Plant Mooty INTRODUCTION There are many types of business

More information

Supplementary materials

Supplementary materials Supplementary materials XX Merger, transformation and dissolution of business entities The dissolution of business entities is described within the Companies Law. Examples of dissolution provided by the

More information

BUSINESS ENTITIES IN COLORADO

BUSINESS ENTITIES IN COLORADO BUSINESS ENTITIES IN COLORADO Types of Colorado Business Entities When starting a business there are many different formats available. In fact, there are so many choices it can be quite dizzying. In general

More information

Statement of Financial Accounting Standards No. 7. Consolidated Financial Statements

Statement of Financial Accounting Standards No. 7. Consolidated Financial Statements Statement of Financial Accounting Standards No. 7 Statement of Financial Accounting Standards No. 7 Consolidated Financial Statements 30 November 2004 Translated by Wei-heng Lin, Associate Professor (Chung

More information

Choice of Entity: Corporation or Limited Liability Company?

Choice of Entity: Corporation or Limited Liability Company? March 2014 Choice of Entity: Corporation or Limited Liability Company? By Gianfranco A. Pietrafesa* Attorney at Law There are many different types of business entities, including corporations, general

More information

Chapter 2. Companies Legislations

Chapter 2. Companies Legislations Chapter 2 Companies Legislations 2.1 The principal legislations in Malaysia are as follows:- Registration of Businesses Act 1956; Partnership Act 1961; The Companies Act, 1965 governs the establishment

More information

PAYMENT TRANSACTIONS ACT (PTA)

PAYMENT TRANSACTIONS ACT (PTA) PAYMENT TRANSACTIONS ACT (PTA) Published in the Official Gazette of the Republic of Slovenia No. 30 on 5 April 2002 All effort has been made to ensure the accuracy of this translation, which is based on

More information

Issues Relating To Organizational Forms And Taxation. MALAYSIA Skrine

Issues Relating To Organizational Forms And Taxation. MALAYSIA Skrine Issues Relating To Organizational Forms And Taxation MALAYSIA Skrine CONTACT INFORMATION Harold Tan Kok Leng Skrine Unit 50-8-1, 8th Floor Wisma UOA Damansara 50 Jalan Dungun Damansara Heights 50490 Kuala

More information

INCORPORATION, LIMITED PARTNERSHIP, LIMITED LIABILITY COMPANY AND TRADEMARK FORMS TABLE OF CONTENTS. Pre-Incorporation Documents

INCORPORATION, LIMITED PARTNERSHIP, LIMITED LIABILITY COMPANY AND TRADEMARK FORMS TABLE OF CONTENTS. Pre-Incorporation Documents INCORPORATION, LIMITED PARTNERSHIP, LIMITED LIABILITY COMPANY AND TRADEMARK FORMS TABLE OF CONTENTS SS-4 Application for Employer Identification Number SS-4 for Word 2003 or 2007 Form-966 Corporate Dissolution

More information

BUSINESS REGISTRATION HANDBOOK LIMITED LIABILITY WITH TWO OR MORE MEMBERS

BUSINESS REGISTRATION HANDBOOK LIMITED LIABILITY WITH TWO OR MORE MEMBERS STATE SECRETARIAT FOR ECONOMIC AFFAIRS AGENCY FOR BUSINESS REGISTRATION UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION BUSINESS REGISTRATION HANDBOOK LIMITED LIABILITY WITH TWO OR MORE MEMBERS PROJECT

More information

FRISSE & BREWSTER LAW OFFICES

FRISSE & BREWSTER LAW OFFICES FRISSE & BREWSTER LAW OFFICES ADVANTAGES AND DISADVANTAGES OF VARIOUS BUSINESS ENTITIES SOLE PROPRIETORSHIP A sole proprietorship is simple to establish and operate; little ongoing documentation is needed.

More information

Terms and conditions for warrants 2016/2019

Terms and conditions for warrants 2016/2019 The English text is an unofficial translation of the Swedish original. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail. Terms and conditions

More information

1.1 Description of the Legal Entities Stated in the Turkish Commercial Code

1.1 Description of the Legal Entities Stated in the Turkish Commercial Code Legal Guide to Forming a Corporation in Turkey 1. TYPES OF BUSINESS ORGANIZATIONS In Turkey, one of the two options may be adopted in order to carry out business activities; as individuals engaged in commercial

More information

Number 38 of 2014. Companies Act 2014 VOLUME 2 SECTIONS 963 TO 1448 AND SCHEDULES 1 TO 17

Number 38 of 2014. Companies Act 2014 VOLUME 2 SECTIONS 963 TO 1448 AND SCHEDULES 1 TO 17 Number 38 of 2014 Companies Act 2014 VOLUME 2 SECTIONS 963 TO 1448 AND SCHEDULES 1 TO 17 [2014.] Companies Act 2014. [No. 38.] PART 16 DESIGNATED ACTIVITY COMPANIES CHAPTER 1 Preliminary and definitions

More information

Different Types of Corporations: Advantages/ Disadvantages of Corporations

Different Types of Corporations: Advantages/ Disadvantages of Corporations Different Types of Corporations: Advantages/ Disadvantages of Corporations Article published at: http://www.morebusiness.com/getting_started/incorporating/d934832501.brc Anyone who operates a business,

More information

Choice of Entity: Corporation or Limited Liability Company?

Choice of Entity: Corporation or Limited Liability Company? September 2012 Choice of Entity: Corporation or Limited Liability Company? By Gianfranco A. Pietrafesa* Attorney at Law There are many different types of business entities, including corporations, general

More information

Incorporating Your Business

Incorporating Your Business CorpNet s Guide to: Incorporating Your Business TM www.corpnet.com Congratulations! You have decided to start your own business. That is a courageous step and one that can lead to rewards that no job can

More information

HOW TO ESTABLISH A BUSINESS IN BOSNIA AND HERZEGOVINA

HOW TO ESTABLISH A BUSINESS IN BOSNIA AND HERZEGOVINA HOW TO ESTABLISH A BUSINESS IN BOSNIA AND HERZEGOVINA TABLE OF CONTENTS STARTING BUSINESS IN BOSNIA AND HERZEGOVINA...5 ESTABLISHEMENT OF BUSINES ENTITIES...5 Registration of business entity...5 Establishment

More information

CHARLES COUNTY ETHICS COMMISSION c/o Office of the County Attorney P.O. Box 2150 La Plata, Maryland 20646 301-645-0555

CHARLES COUNTY ETHICS COMMISSION c/o Office of the County Attorney P.O. Box 2150 La Plata, Maryland 20646 301-645-0555 CHARLES COUNTY ETHICS COMMISSION c/o Office of the County Attorney P.O. Box 2150 La Plata, Maryland 20646 301-645-0555 FINANCIAL DISCLOSURE STATEMENT Form 2 Qualifying Employees & Appointed Members of

More information

CHAPTER 119: CABLE/VIDEO SERVICE PROVIDER FEE, AND CABLE AND VIDEO CUSTOMER PROTECTION LAW

CHAPTER 119: CABLE/VIDEO SERVICE PROVIDER FEE, AND CABLE AND VIDEO CUSTOMER PROTECTION LAW CHAPTER 119: CABLE/VIDEO SERVICE PROVIDER FEE, AND CABLE AND VIDEO CUSTOMER PROTECTION LAW Article I. Cable/Video Service Provider Fee Chapter/Article/Section General Provisions 119-I.01 119-I.02 119-I.03

More information

Company New Application Checklist Agency Requirements NEW HAMPSHIRE MOTOR VEHICLE SALES FINANCE COMPANY LICENSE

Company New Application Checklist Agency Requirements NEW HAMPSHIRE MOTOR VEHICLE SALES FINANCE COMPANY LICENSE Company New Application Checklist Agency Requirements NH This document includes instructions to apply for an application for a Motor Vehicle Sales Finance company (principal/headquarter location) license.

More information

A GUIDE TO LEGAL FORMS FOR BUSINESS NOVEMBER 2011

A GUIDE TO LEGAL FORMS FOR BUSINESS NOVEMBER 2011 A GUIDE TO LEGAL FORMS FOR BUSINESS NOVEMBER 2011 Guide to Legal Forms Unincorporated legal forms: The distinguishing feature of unincorporated forms is that they have no separate legal personality. There

More information

AMENDMENTS TO PUERTO RICO INTERNAL REVENUE CODE OF 2011 BY VIRTUE OF ACT 72-2015

AMENDMENTS TO PUERTO RICO INTERNAL REVENUE CODE OF 2011 BY VIRTUE OF ACT 72-2015 [Translation] TREASURY DEPARTMENT COMMONWEALTH OF PUERTO RICO [Logo] Juan C. Zaragoza Gómez, CPA Secretary TAX POLICY INFORMATIVE BULLETIN NO. 15-09 ATTENTION: MATTER: TAXPAYERS AND MERCHANTS AMENDMENTS

More information

Company Formation in Russia

Company Formation in Russia Company Formation in Russia Dmitry Lyakhov, Attorney at Law Jonathan Russin, Managing Partner Russin & Vecchi LLP 1. Types of company with limited liability and applicable legislation The most commonly

More information

12 Business Information (Green Sheet)

12 Business Information (Green Sheet) Give us COPIES only Clips only - NO STAPLES 12 Business Information (Green Sheet) If you are self-employed, or if you have had income for which you do not receive a W-2, please provide the following: A.

More information

Legal Guide to Forming a Corporation in Luxembourg

Legal Guide to Forming a Corporation in Luxembourg Legal Guide to Forming a Corporation in Luxembourg March 2008 Business in the Grand-Duchy of Luxembourg (the GDL ) may be carried out by individual trader(s) or by way of forming a corporate entity, whereby

More information

Dutch limited liability company ( BV )

Dutch limited liability company ( BV ) Dutch limited liability company ( BV ) General Besloten vennootschap met beperkte aansprakelijkheid (usually abbreviated BV in the Netherlands) is the Dutch version of a private limited liability company.

More information

Internal Revenue Service

Internal Revenue Service Internal Revenue Service Number: 200952036 Release Date: 12/24/2009 Index Number: 331.00-00, 336.00-00, 351.00-00 ---------------------------- ----------------------------------------------------------

More information

REGULATION ON ESTABLISHMENT AND WORKING PRINCIPLES OF INSURANCE COMPANIES AND REINSURANCE COMPANIES

REGULATION ON ESTABLISHMENT AND WORKING PRINCIPLES OF INSURANCE COMPANIES AND REINSURANCE COMPANIES REGULATION ON ESTABLISHMENT AND WORKING PRINCIPLES OF INSURANCE COMPANIES AND REINSURANCE COMPANIES Official Gazette of Publication:.08.007 66 Issued By: Prime Ministry (Undersecretariat of Treasury) PART

More information

BUSINESS REGISTRATION HANDBOOK LIMITED LIABILITY WITH ONE MEMBERS

BUSINESS REGISTRATION HANDBOOK LIMITED LIABILITY WITH ONE MEMBERS STATE SECRETARIAT FOR ECONOMIC AFFAIRS AGENCY FOR BUSINESS REGISTRATION UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION BUSINESS REGISTRATION HANDBOOK LIMITED LIABILITY WITH ONE MEMBERS PROJECT TECHNICAL

More information

How to Incorporate Your Business or Form a Limited Liability Company (LLC) Quickly and Easily 800-209-0128 WWW.INCORPORATE.COM WWW.LLC.

How to Incorporate Your Business or Form a Limited Liability Company (LLC) Quickly and Easily 800-209-0128 WWW.INCORPORATE.COM WWW.LLC. How to Incorporate Your Business or Form a Limited Liability Company (LLC) Quickly and Easily 800-209-0128 WWW.INCORPORATE.COM WWW.LLC.COM TABLE OF CONTENTS With help from the Company Corporation, incorporating

More information

Lawyers of LF «Dmitrieva & Partners» have prepared the list of top news in the field of taxation for the last two weeks.

Lawyers of LF «Dmitrieva & Partners» have prepared the list of top news in the field of taxation for the last two weeks. REVIEW OF THE MAIN EVENTS IN THE SPHERE OF TAXATION Lawyers of LF «Dmitrieva & Partners» have prepared the list of top news in the field of taxation for the last two weeks. The amount of daily business

More information

LAW. No. 8788, dated May 7, 2001 ON NON-PROFIT ORGANIZATIONS

LAW. No. 8788, dated May 7, 2001 ON NON-PROFIT ORGANIZATIONS LAW No. 8788, dated May 7, 2001 ON NON-PROFIT ORGANIZATIONS In reliance on articles 78 and 83 point 1 of the Constitution, on the proposal of Council of the Ministers, THE ASSEMBLY OF THE REPUBLIC OF ALBANIA

More information

Doing business in brazil // Coimbra & Chaves // 2014 DOING BUSINESS IN BRAZIL

Doing business in brazil // Coimbra & Chaves // 2014 DOING BUSINESS IN BRAZIL DOING BUSINESS IN BRAZIL Aspects of Brazilian Corporate Law The Brazilian Civil Law Code (Law 10.405/02) lists as corporate entities: (i) Associations, (ii) Foundations, (iii) Religious Organizations,

More information

FOR INFORMATION PURPOSES ONLY

FOR INFORMATION PURPOSES ONLY On December 23, 2013, the debtor Metropolitní spořitelní družstvo v likvidaci, having its registered office at Balbínova 404/22, Prague 2, Postal Code 120 00, Identification Number: 255 71 150, registered

More information

HOW TO REGISTER A BUSINESS IN NAMIBIA. Companies and Patents Registration Office. A Directorate of the Ministry of Trade and Industry

HOW TO REGISTER A BUSINESS IN NAMIBIA. Companies and Patents Registration Office. A Directorate of the Ministry of Trade and Industry HOW TO REGISTER A BUSINESS IN NAMIBIA Companies and Patents Registration Office A Directorate of the Ministry of Trade and Industry FOREWORD This booklet explores the ways how the choice of business entity

More information