How To Arrange A Change Of Founder

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How To Arrange A Change Of Founder
How To Arrange A Change Of Founder

Video: How To Arrange A Change Of Founder

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Very often, in the course of the organization's activities, it is required to change the founder. This issue requires a competent and responsible approach, since in this case, it is required to amend the charter and constituent documents of the company.

How to arrange a change of founder
How to arrange a change of founder

Instructions

Step 1

Change of founder is a procedure for the exit of the old participant and the simultaneous entry of a new one. Change of the participant means that part of the share in the authorized capital of the old founder must be transferred to the new one. The transfer of a share is a transaction that can be carried out in the form of a gift, purchase and sale.

Step 2

There are several situations in which there is a change of the founder. First, 1 founder leaves the organization, the rest of the participants remain. In this case, the participant wishing to leave the company sells his share to the others who remain. He must apply for resignation from the founders. Other members of the company buy his share at an approved price. This issue is decided at the general meeting. An application is submitted to the Inspectorate of the Federal Tax Service at the place of registration for the registration of all changes made.

Step 3

The second is the entry of the new founder into society. In this case, the new participant writes a statement with a request to be accepted as a founder, indicates the share that he wants to receive in the authorized capital and the amount of his contribution. At the meeting, a decision is made to increase the authorized capital of the company at the expense of a third party's contribution. The data are registered with the IFTS, due to changes in the authorized capital and the composition of the founders.

Step 4

The third is the entrance of the new founder and the exit of the old one. To do this, you need to increase the authorized capital through the contribution of a new member of the company, register changes, distribute the shares of the outgoing founder among other members and register changes in documents.

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