Will of a testator

Registration of joint-stock company / AD / AD is a commercial company and therefore is a merchant - a legal entity. Each trader AD must be entered in the Commercial Register (to occur), there should be firm to which must be added the abbreviation "limited liability company" or the abbreviation "SA" (chl.158, paragraph 2 of the Commercial Code) must has a seat. Each legal entity, AD liable to its creditors and with the ...

Are the obligations with the death of the debtor repaid and is the law enforcement agent entitled to bring enforcement against the heirs? "The writ of execution against the deceased may also be enforced on the property of his heirs unless they find that they have renounced the inheritance or have accepted it by way of inventory. When the heir did not accept the inheritance, the enforcement agent shall set the period ...

Subject of the replacement contract 1. Replacement of items The subject of the replacement contract may be different items. Depending on the arrangement of the parties may conclude a contract for the exchange of ownership over one against property rights over several properties. Obligations under the contract for replacements may also be substitutable and non-movable, movable and immovable property, generic ...

When it comes [...] the municipality of the last place of residence of the testator. This process takes place within 6 months of the discovery of [...] the inheritance. In the event that the testator lived abroad, the declaration is made according to the location [...] out clear instructions for the distribution ...

AD or EOOD When entrepreneurs decide to structure their business in Bulgaria, they often face an important choice - whether to register a Sole Proprietorship or a Joint Stock Company. This choice has long-term legal and financial implications that must be carefully considered. In this article, we will look at the key aspects of these two enterprise structures and their possible implications. Sole Proprietorship Limited Liability Company (LLC) ...

What is tax relief used for? Tax relief is available for children and children with disabilities for income acquired in 2022. The amount of the relief for children for 2022 depends on their number, for one minor child it is BGN 6,000 (up to BGN 600), for two - BGN 12,000 (up to BGN 1,200). and for three and more - BGN 18,000 (amount to receive up to BGN 1,800). The amount of the tax relief for children with disabilities is BGN 12,000 (amount to be ...

Inheritance of a Single Trader The Single Trader (ET) registration is the fastest, easiest and easiest way for an individual to start commercially officially. This is the most popular legal form of organization where the activity is not related to large cash turnover and engagement of many staff. The choice of this form of doing business is associated with a number of advantages such as: 1. there are no burdensome requirements for ...

Commercial Law Commercial law explores the status of merchants and achieving their business activity. Commercial activity associated with the supply of goods or services, professional, professionally, with the aim of making a profit. Trader is any person who is listed as such in the commercial register or carries on business transactions. Quality "trader" requires a person to conduct its affairs "with ...

Settlement of Monetary Claims in Emergency The Governing Council of the Bulgarian National Bank approved the draft Order of the Bank of Bulgaria (ABB) for deferring and settling required liabilities to banks and their subsidiaries - financial institutions in connection with the state of emergency introduced by the National Assembly on March 13, 2020 d. ...

Is absolute applicable periods in Bulgarian civil law? The proposed provision of a new Article 112a of the CPA states that the expiration of the 10-year limitation period from 1 January of the year following the year in which the debt became payable shall be extinguished all unsecured claims against individuals, regardless of the suspension or the interruption, except in cases when the obligation is deferred or rescheduled. ...