Incorporation Of Companies
Core Objective
This service is designed for newly registered companies with two or more partners or shareholders for whom it is crucial right from the outset to negotiate and agree on all possible future relationships which could otherwise lead to serious conflict and failure of the whole business.
Potential conflict might arise in future in any of the following situations:
- convention and conduct of a general meeting: who convenes it, how it is convened, where it is convened, how partners are notified and many other details that need to be considered so as to prevent the conduct of general meetings intended to injure an individual partner or a group of partners;
- decision-making process on various important issues: procedures, majority requirements, protection of partners with a certain share of the capital (higher or lower than a fixed percentage or amount), etc.;
- definition of the commitments or roles of partners in the management of the company and the consequences or penalties for non-performance;
- can a partner be expelled and how is it to be done so as to prevent any speculation with this option in a possible hostile takeover by a partner acting in bad faith;
- profit distribution in accordance with the share of the capital and/or the contribution to the management and/or the contribution to the profit;
- withdrawal of a partner and settlement of the relationships with him or her;
- conditions or options for buyout of the shares of an individual partner: procedure, pricing of shares, etc.;
- a number of other potential risks of conflict.
Key Benefits
When a company is incorporated, vast experience is needed to anticipate all possible problems in future.
We have a track record of more than 20 years of experience in the incorporation of companies and initial settlement of possibly problematic relationships, which gives us confidence that we are able to predict and settle all of them.
Sometimes the incorporation of a company is a complicated process not only from the legal perspective but also from the tax and financial perspective because, if other companies are involved with their property or assets, there occurs the risk of negative tax and financial effects for them, depending on the way in which the company was incorporated.
Our cohesive teams of lawyers and tax and financial experts are capable of planning and implementing any complex incorporation so as to rule out any negative tax or financial effects for the companies which take part in the incorporation.
Responsible team
Velichka Almisheva
Managing partner Legal servicesVelichka Almisheva graduated from Sofia University “St. Kliment Ohridski” with a master’s degree in Law. In 2016 she became a member of the Sofia Bar Association. In 2017 she won an international contract law competition for young professionals organized by the European Lawyers’ Association. She also won the Young Lawyer of the Year award.
She is a Managing Partner of Kreston BulMar’s Legal Services department since 2022.
She is experienced in trade, contract, labour, insurance, and property law.
She works with Bulgarian and English.
Other services from Head Office
Financial Audit
Payroll
Tax Advisory
Legal Services
- Legal Services
- GDPR Compliance
- Anti-Money Laundering Measures
- Legal Status Change from a Sole Proprietor to a Company
Corporate Finance
- Restructuring of Companies
- Business Valuations
- Sell-out of a Business
- Buyout of a Business
- Financial Due Diligence of a Company or a Whole Industry