Legal services when changes are made in the company's status
Legal services are an invariable part of the activity of any company, therefore the presence of a legal department is a mandatory condition when establishing a company. In order not to engage with the appointment and support of in-house lawyers when starting a business, we can take advantage of outsourcing legal services provided to us by an accounting firm. Changes in the legal status of the company imply the use of legal services for re-registration in the Commercial Register and other related institutions, as well as updating the company's contracts. This process is tied to strict compliance with legal frameworks, therefore these legal services are performed by the company's lawyers or outsourced to an external accounting firm specializing in the field of legal services.
Legal services when changing the company's company name
The name of the company is a unique combination of words that distinguishes the company from other competitors on the market. The right to the company arises after its entry in the Commercial Register, therefore, even if the company name is changed, a re-registration procedure must be started. The process is tied to accounting and legal activities, which requires the provision of not just accounting, but also legal services. As an accounting firm, BulAdvice offers legal services and consultations in the following stages of the procedure:
- Legal services for the copy of the Articles of Association containing the change
- Legal services in preparing the decision of the General Assembly to change the name of the company and to adopt a new Memorandum of Association
- Issuance of a power of attorney - when the application is submitted based on an agreement for the provision of legal services by a partner accounting firm
• Entry of the changes in the Commercial Register at the Registration Agency
Legal services when changing the headquarters of the company
Changing the headquarters office of a company is one of the most common changes that necessitate the need for legal services. The address at which the company is registered in the Commercial Register determines the location where any form of official correspondence will be received. The headquarters also determines the relations of the company with the local competent authorities.
In a situation of a change of seat, we can take advantage of legal services for the preparation of a decision of the General Assembly, which is formed in minutes. Any correction to the company's identification data requires the legal services of a change in the company contract. We at BulAdvice provide legal services for the preparation of an up-to-date partnership agreement, as well as undertake all actions to finalize the procedure, including the preparation of the necessary documentation and its submission to the relevant institutions.
Legal services when changing the company's share capital
The capital investment of the company represents both the initial assets of a company and the participation of the partners in the management. Changes in the company's basic capital more often constitute an increase in investment to strengthen market positions and attract investors and partners. There are also situations of capital reduction, which is a more complicated and lengthy procedure and very often necessitates the need for additional legal services.
The capital increase procedure is relatively easy to register in the Commercial Register. If we have not faced such legal procedures before, we could benefit from legal services to ensure that the process runs smoothly. When reducing capital investment, the procedure is carried out in two stages. The first entry announces to the Commercial Register the company's intention to reduce its capital, providing a 3-month period in which third parties can request security for their obligations to the company. After the expiry of the term, a new decision is issued, which officially changes the value of the company's share capital. The capital investment reduction procedure requires the use of legal services due to the more complicated implementation process, but also due to the possible risks of a change in the company's relations with the interested parties. BulAdvice has a rich portfolio of legal services to guide its clients as smoothly as possible through the procedure while providing legal services and advice on possible reforms in the company's future operations.
Legal services in case of changes regarding the people responsible for the company
Changing board members, auditors, executive directors, representatives, etc. also require the receipt of legal services when entering the Commercial Register. The general meeting is convened as a result of an invitation, which is announced with an application or delivered to the partners. Thanks to the legal services of BulAdvice, you will be supported through this process, with the company preparing and submitting the necessary documents for you. The invitation contains the identification data of the company, formalities indicated in the company agreement, as well as the agenda of the meeting. Legal services will guarantee your business protection when drafting a new company agreement with the introduced changes.
BulAdvice provides legal services at the local and international level, knowing in detail the relevant legislation. In case of changes in the legal status of the company, a prerequisite is created for the occurrence of circumstances that could endanger the business activity. This requires the invocation of legal services by the company's in-house legal department or the use of the legal services of an external accounting firm. As an accredited accounting firm, BulAdvice will assist you with the necessary legal services and legal advice, to protect your business.
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