What is the company reorganization

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Many of you already know what the "liquidation of legal entities".Yes, this process has to observe quite frequently, as any company cease to exist almost every day.In this case it happens to their responsibilities and rights?They simply disappear.Of course, all this is happening when the legitimate claims of creditors are satisfied in a legal way.Can a legal person ceases to exist and its rights and obligations - no?Maybe.Just the place to be is not in liquidation, and in the process, which is called the "reorganization of the enterprise."In certain cases, it is better to resort to it than trying to completely remove the company.The reorganization of the enterprise is good and what form it takes?Let's examine all these issues together.

essence

As mentioned above, the essence of it is that the succession takes place.It is possible not only to transfer of rights and duties, but also the transfer of debts.What is the reorganization of the enterprise?This is something that is so often used by businessmen to upgrade your business, make it "cleaner" to get away from the problems that have arisen with the creditors, tax, and so on.As a result, they will have the opportunity to continue the same activities under a new name and with a renewed history.

Reorganization and liquidation of companies associated with the introduction and even the removal of information from the register.Both the process may be delayed for objective reasons very, very long time.

forms in which the company is being reorganized

When the merger of the two companies formed one new company.In the separation, on the contrary, it is formed from one of two equal firm.When you join one entity absorbs the other.And in the process of selection of the companies separated from each other, taking with them not so much of the responsibilities and rights as the separation.

reorganization of the enterprise can not only get rid of the problems, but also to upgrade their business or make it bigger.Legal entities together, increase its share capital in order to reach an entirely new level and to test themselves in places where previously could not get.In other cases, they are, on the contrary, alienate part of themselves in order to grow in several directions.

As you know, almost every commercial entity, there are lenders, opinions and wishes must be taken into account when making any important decisions.The decision on reorganization adopted at the general meeting.Features of its adoption now depends specifically on the legal form in which there is a specific legal litso.Te shareholders who do not wish to receive shares or stake in the new company (companies) may require to redeem what they have.It will be produced in the same manner as defined by federal law.Notification of creditors and satisfaction of their claims as necessary.