FAST PROCEEDINGS FOR LIQUIDATION OF A COMPANY
Liquidation of a commercial company is a voluntary procedure for the distribution of its assets after its termination. The purpose of liquidation is to collect and liquidate all of the company’s assets and, after all creditors have been satisfied, to distribute the remainder among the partners. The current Commercial Act (CA) in Chapter Seventeen “Liquidation” […]
VARIABLE CAPITAL COMPANY
With the amendments promulgated in issue 66 of 2023 in the State Gazette, a new Chapter 15a has been introduced into the Commercial Act. With this amendment, a new type of commercial company has been created – a Variable Capital Company (VCC). The main reason for the creation of a new type of company in […]
PUBLICATION OF THE 2024 ANNUAL FINANCIAL REPORTS IN THE COMERCIAL REGISTER
If you manage an enterprise within the meaning of the Accountancy Act, namely a company, foundation or other type of association that carried out activities in 2023, you are obliged to publish the Annual Financial Statements in the Commercial Register and the Register of Non-Profit Legal Entities. The deadline for publishing the Annual Financial Statements […]
SALE OF A COMPANY
The term “sale of a company” is usually used in commercial transactions when the transfer of the company shares owned by the owner of the capital to another natural or legal person is requested. This can happen both when the company is a single-member limited liability company, i.e. the owner owns all the company shares […]
ESTABLISHMENT OF LIMITED LIABILITY COMPANY IN BULGARIA
How to establish a limited liability company (OOD)? A limited liability company is the most common form of association, due to the possibility of low initial capital and the possibility of participation in it by one natural or legal person (sole owner of the capital) or several, as liability is limited to the amount of […]
ESTABLISHMENT AND REGISTRATION OF JOINT STOCK COMPANY IN BULGARIA
Registration of a Joint Stock Company (JSC) is most often required when the company’s business activity requires significant financial resources and when more investors will participate. Of course, a JSC can also be established for other reasons. The procedure for establishing a JSC is regulated in the Commercial Act (CA), the Commercial Register and Non-Profit […]