Eternity Law International — News — Registration of Additional Liability Company

Registration of Additional Liability Company

Published:
January 26, 2020

The companies with additional liability are formed in the event of a combination of equity capital by the founders, the number of which is limited.

A distinctive feature of such an enterprise is the subsidiary liability of the founders of the ALC for the approved obligations of the established enterprise. Its size is clearly fixed by statutory documents and is proportionally distributed depending on the contributions of the founders to the general fund, which may consist of monetary resources, real estate objects.

The company’s own property is a guarantee of the fulfillment of the obligations assumed by the company. In crisis situations, the ALC alienates property in favor of the lender. When situations arise when the company’s fund is not enough to pay off debts to investors, the founders of the company are forced to compensate the arising debts in proportion to the contribution of each participant.

COMPANY REGISTRATION PROCEDURE

Ukrainian legislation contains a general rule for the registration of ALCs and legal entities. It is worth considering only the differences in filling out some types of forms. The registration process consists of six stages.

  1. making a decision on the creation of an ALC, which is recorded in a written document;
  2. signing of the memorandum of association;
  3. submission of documents;
  4. making an entry in the register;
  5. entry into the list of taxpayers in the taxation service, registration with statistical offices, PF.

List of documents for registration

To register a company with additional responsibilities, you need to collect a package of documents, which consists of:

  • an application from a person who has the authority to conduct the registration procedure;
  • the trustee must provide an identity document and a power of attorney for the operation.

Terms of the registration procedure

Eternity Law International will provide assistance in registering an additional liability company within 1-5 business days.

We offer to quickly draw up the documentation and carry out the procedure. Additionally, it may take time to obtain a VAT number. In addition, we assist in obtaining a residence permit in Ukraine, we issue an invitation to enter our territory and accounting services.

You could be interested

How to get a Certificate of Incorporation

Company registration is one of the first and most important steps towards creating a successful business. This process requires attention, preparation and understanding of legal nuances. A company registration certificate is an official document confirming the establishment of a legal entity and its right to operate. In this article, we will discuss what a company...

Germany Authorised Crypto Companies

Germany has solidified its status as a vanguard in cryptocurrency governance, offering a steadfast and progressive framework for enterprises in the blockchain and digital asset realm. Authorised crypto companies in Germany thrive within a jurisdiction that prioritizes regulatory transparency, economic robustness, and technological progression. Over the past years, Germany has exemplified forward-thinking policies that harmonize...

Peculiarities of the enterprise registration procedure in Switzerland: potential challenges

Switzerland is widely known for its stability, strong economy, making it a popular choice for businesses and international companies. However, setting up a business in Switzerland interests navigating a unique lawful framework. This article explores the peculiarities of the enterprise signup process in Switzerland, focusing on potential challenges and offering insights into overcoming them.  1....

South Africa Authorised Crypto Companies

The implementation and favorable functioning of the crypto project contingent on having an appropriate permission which lets entities operate in the boundaries of the industry and make certain their adherence to laws which vary depending on the chosen state. That paper enables enterprises to deal with issuing, trading, swapping online currencies and more. Acquiring such...

Criminal Attorney France

When confronting criminal allegations in this country, securing the right specialist can notably influence the repercussion of your lawsuit. Whether you are accused of a minor offense or a serious crime, such a specialist will assure you with the proficient support needed to guide the regional legislative sphere. With their in-depth knowledge of criminal law,...

Registration of a branch of a foreign company

Registration of a branch of a foreign company. Firms and companies of foreign countries work in Ukraine with the help of separate representative offices. They must be accredited in order to open a division of an organization of another country in Ukraine, they must be accredited. In an institution representing the interests of another country,...

Related posts

Registration of a company in Poland

Poland has been a favorable market for foreign businesspersons who appreciate the country’s openness, geographic location, and well-educated and highly skilled employment market.  Accordingly, company registration in Poland is an excellent option to discover many commercial opportunities and take advantage of both low labor costs and attractive corporate taxation rates. Below is a brief overview of the...

Registration of IT company in Poland

This country’s in top-list of EU states regarding size, level and scale of economic industry. Registration of IT company in Poland is fastest way to conquer EU markets and integrate into its commercial community. Poland completely supports IT startups in every accessible way, simplifying enterprise establishment and integrating procedures. IT company incorporation in Poland A...

Company registration in Poland

Poland is developing quite dynamically. It is a European country with EU membership and offers its residents and foreign visitors a high social level, a loyal fiscal system and a welcoming, friendly atmosphere. And this is not a complete list of the advantages of Poland as a jurisdiction for creating a business. You can register...

Company registration in Switzerland

Company registration in Switzerland is a popular choice of jurisdiction for several reasons. In this country there is a very attractive tax system, loyal legislation even for non-residents, and a stable political and economic situation. All these factors have made Switzerland extremely popular among foreigners who want to start their own company there. In a...

LTD company registration in the UK

Today, registering a company in the UK is the most suitable choice for working with international partners. Among the main benefits of the jurisdictions are following: Britain is not an offshore, so it is not included in the blacklist of other states; this country has a trustworthy reputation, which positively affects the image of the...

Registration of IT company

SELECTION OF JURISDICTION AND REGISTRATION OF IT COMPANY Registration of IT company initially begins with a choice of jurisdiction. It has long been known that the development of private enterprise is a complex process that requires perseverance, financial investment, professional knowledge and technical skills. One of the main obstacles that creates difficulties for the entrepreneur...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: