Company formation

It is a well-known fact that almost ninety percent of business ideas remain undeveloped and never turn into successful business.  Although, remaining ten percent of business ideas which are being implemented could be unsuccessful from the outset due to opting for an improper business model.

Company formation represents a first step for transforming business idea into a success story. Generally, company formation starts with the founders´ agreement and ends up with company´s registration. However, in practice, only company registration is not sufficient for ensuring further development of business idea and smooth business management. It is important to reflect the best suitable business model and/or all existing modalities of founder’s agreement in the company’s founding documents. This issue is especially important for individuals and companies who intend to launch their business with multiple founders; with foreign investor involved; with funds from financial institutions or personal collaterals from founders or Angel Investors; also for the companies with business activities which fall under the strict governmental regulations or export-oriented companies.

Our multi-year experience has shown that business structuring requirements are changing constantly due to number of internal and external factors such as such as a weakened relations between company´s partners, inefficient management and hard bureaucracy, new regulations, customers’ expectations, new market players, and etc. Acknowledgement of the need for change and its reflection in company´s daily agenda is critical for developing successful business model.

Wise advice’s professional team will provide you with a valuable expertise to identify the most suitable business models for turning your valuable ideas into successful business stories.

We offer the following services:

• Drafting documentation for structuring business and documents for day to day company agenda including (i) drafting and amending founders´ deeds, articles of association, statutes and other corporate documents, (ii) organization of general meetings and representation of shareholders and drafting AGM minutes, and (iii) securing formalities in relation to public authorities and performance of information duty
• Representation in related proceedings before the commercial register, regulatory authorities of the capital market, and authorities keeping the register of securities
• Securing of necessary requirements imposed by governmental authorities (trade office, tax office, labour and social security offices, etc.);
• Formation of founding capital, regulation of its increase and/or reduction and etc.;
• Advice on corporate and criminal liability of shareholders and managers of companies and application of the corporate principle to act in the best interests of the company and of its shareholders by preventing conflict of interests;
• Consulting on the right of minority shareholders and protection of companies against the abuse of majority shareholders’ rights and etc.