The first rule of building a group of companies without signs of artificial fragmentation
Let’s remember what we know about business processes?
They have a beginning and an end, that is, they have boundaries in time. There is an “exit”, to which a unique result is served, after receiving which the client becomes more satisfied. Since there is an “exit”, there must be an “entrance”. We supply it with the necessary resources (material – transformable, as well as labor, financial, informational – providing), which are transformed into something valuable for the client in the course of a business process using a certain technology. Continue reading
Business inheritance using the Articles of Association and Corporate Agreement
Often, business growth is impossible without attracting partners in its individual areas / projects / companies. And relations with such partners must be pre-regulated and legally secured, which is guaranteed to minimize the risks of corporate conflicts of such a business and ensure the protection of its Founder.
Our many years of experience proves that there are enough legal instruments in domestic law for reliable regulation of partnership agreements. Continue reading
3 non-standard cases when a tuition deduction can “burn out”
The tuition deduction is one of the most common deductions for individuals. But this does not negate some cases, in the event of which the deduction for treatment may disappear. In this article, we will analyze such situations.
General rules for obtaining a “student” deduction?
deduction can only be issued by tax residents who pay personal income tax on certain types of income Continue reading
Inheritance of shares in LLC
Shares in an LLC are inherited in the standard manner, like other property, including by will, inheritance contract. At the same time, partners often discuss what rights the heirs will have, whether they will be able to enter the business on a full-fledged basis and whether they have enough competencies and life experience to participate in decision-making.
We propose to figure out whether it is possible to restrict the entry of heirs into the business and how to provide guarantees for both the heirs and the remaining partners. Continue reading
10 mistakes entrepreneurs make in purchasing
Procurement is not only participation in tenders, but also simply the purchase of goods necessary for a business. Purchasing departments or managers play an important role in a company’s business processes. And this area requires strategic planning. We decided to translate the material of European buyers about the most common mistakes in this industry. The information will be useful for Russian entrepreneurs as well. Continue reading
