Method of registration of a company- Ltd. and EOOD

Method of registration of a company- Ltd. and EOOD

    Registration of a trading company - LTD or EOOD is not complicated at all. As a matter of principle, you can prepare the registration documents yourself, but it would be nice not to take this risk because you still lay the legal foundations for your future business. In order to create a security and have no problems then it is advisable to hire a specialist. The difference between EOOD and OOD is the number of people who own a part of the capital. EOOD has only one owner, the ownership of the capital is sole. With the OOD, the founders must be at least two, and they do not need to have equal capital investments. Registration instructions 1. A note on paid-in capital from a bank of your choice must be issued. If you register an OOD with a capital higher than BGN 2, which is the established minimum, then at least 70% of the capital is required for subscription. 2. You need a specimen that is notarized and signed by the manager. The specimen is an agreement to accept management and a specimen signature. You can prepare yourself a specimen, who will need to be certified by a notary public or look for a notary who can prepare it completely. Of course, the second option will be more expensive for you. If you prepare the specimen yourself, the notarization will cost you 6 BGN.  3. You need a founding act (for EOOD) or a Company Agreement (for OOD). It must contain:  name, seat and address of management of the company;  the names and personal details of the partners;  the subject of activity; Ът the amount of the capital as well as the value of the partners' contributions to the OOD;  the name and personal information of the manager. 4. The Constituent Minutes (EOOD) or Minutes of the General Meeting of Partners (OOD) are required. The Minutes must contain the decisions made by the constituent assembly and the agenda of the meeting. 5. A decision by the sole owner of the capital to appoint a manager (EOOD) or a decision of the general meeting to appoint a manager (OOD) is required. You can self-nominate as a manager at EOOD; a partner can be appointed to a limited liability company, or a third party may be appointed a manager. 6. You need a Form A4 application. You can find it on the website of the Commercial Register. All other documents shall be attached to it. You will also see the instructions for filling in the application. 7. You need a Declaration to be true of the stated circumstances. It is signed by the applicant. 8. You need a Declaration that all documents have been submitted by the applicant. It is signed by the applicant. 9. You need a Declaration of non-compete. It is already signed by the manager. 10. You need a Declaration in which the manager declares that he or she meets the requirements of the law on company manager. Of course, it is signed by the manager. 11. You need a Business Retention Application (E1). It is optional and will cost you $ 50. 12. You need a license or permit when the business activity requires it. Last steps The documents when registering the name of the company should indicate that the company is in the process of being established. You can find all the documents on the Internet, but it is very risky to start your own letterhead business. If you find a company with these forms, it may be more expensive for you in the future if you change your business. There is a criminal liability for false statements. It is recommended that all documents be prepared and submitted by a specialist. The time it will take for you to register will be about 2-3 days, which does not include their preparation. First, you need to open a fundraising bank account at the bank you want. The Bank must submit a Company Agreement, Articles of Association and Decision on the appointment of a manager. On the spot at the bank, they provide for their signature template. The bank should:  to open a fundraising account in the name of the company; Бъде to pay a fee;  the bank provides a note on paid-in capital. The manager must receive the certificate from the bank and together with his notarized specimen (specimen signature) and with all other documents he goes to the Registry Agency. It must first pay the state fee and attach proof (payment order) of its payment to the rest of the set of documents. He then enters the documents and gives him an entry number to keep track of when the company will be registered. Documents can also be submitted online with an electronic signature. Then the state fee will be 50% cheaper –55 BGN instead of 110 BGN.