Obligations of the founders

Make the decision on the establishment of the enterprise is not enough. The law establishes the rights and obligations of the founders in relation to their offspring. On their shoulders rests all the responsibility and risks associated not only with creation, but with the further activity of the enterprise, as well as its reorganization and liquidation. The compensation for this is the profit distributed among the founders.

The responsibility of the founder or co-founders is the development of the Charter of the new company and formation of capital. It is formed at the expense of money or property shares contributed by the founders. Share in the Charter capital owned by each of the founders specified in the company Charter and other founding documents.

The founders determine the form of ownership and type of activity, find the legal address where the company is registered, as well as the place that will host production capacity. They must execute all documents necessary for the registration of the created legal entity and submit them to the tax office. These documents are the basis for the registration and make the enterprise in the register, on the grounds of which the Bank opens a current account without which the activity of the enterprise is simply impossible.

The founders, in the person elected or appointed leader engaged in the manufacture of seals and other corporate documents related to the Deposit of capital in a Bank account. Their duties also included the preparation of staffing, search and selection of candidates for available vacancies.

Who can be the founder

If the founder is a natural person, he may be a citizen of the Russian Federation, foreign nationals and non – resident, and even by a person not having the citizenship. If the founders are legal persons, they can also be enterprises registered in accordance with the legislation of the Russian Federation or of foreign organizations established in accordance with the laws of their country, and branches registered on the territory of the Russian Federation.

To individuals who want to be founders, additional requirements: they must be not taken off criminal record, they must be competent and of legal age. All the founders-citizens should have documents proving their identity and legal capacity, and legal entities – proof of legal status and legal capacity.