How To Register Share Capital

Table of contents:

How To Register Share Capital
How To Register Share Capital

Video: How To Register Share Capital

Video: How To Register Share Capital
Video: Authorised Share Capital and Share Transfers Explained 2024, December
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The authorized capital is the stock of funds that an entrepreneur or organization has at the time of the start of commercial activity. If you want to register a company, you will definitely need to create an authorized capital first.

How to register share capital
How to register share capital

Instructions

Step 1

In order to open a limited liability company, its authorized capital must be at least 10 thousand rubles. This amount can be expressed not only in money, but also in things and securities. The authorized capital gives a guarantee to creditors and clients of your organization that you will be able to pay off your obligations.

Step 2

During the registration process, determine how you are ready to pay the share capital. If you choose the non-cash route, then after submitting an application for registration of an LLC, open a savings account with the bank and deposit half or most of the authorized capital on it. To do this, you will need a protocol for setting up your firm and drafts of the main articles of incorporation.

Step 3

Obtain from the bank a certificate of depositing money, which must indicate the amount and its purpose. With this document, contact the tax office and complete the registration process.

Step 4

After registering the company, open a current account, and within three days your funds will be transferred there. During the first year from the start of the LLC, you are required to deposit the rest of the authorized capital into the account. If you do not do this, it may become the basis for the closure of the organization by court order. If the company has not opened a current account two months after registration, then the authorized capital will be returned to the personal accounts of the founders of the organization.

Step 5

After opening a current account and transferring money to it, you can withdraw them and spend on the needs of the company. The authorized capital can also be formed with the help of valuable things. For this, the property must be appraised, and then an appraisal report must be drawn up. After the completion of the registration procedure of the company, an act of acceptance and transfer of these items to the balance sheet of the enterprise is drawn up. This document is signed by each founder. If payment is made in cash, then they are given to the founder of the company, and subsequently a cash receipt is drawn up.

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