Deciding to start their own business entrepreneurs are often faced with many different problems: excessive bureaucracy and abuse by government agencies, inadequate legislation, etc. 1. As a rule, most of the above trouble can be avoided by paying due attention to the preparation and execution of documents. 1.1. Development of the founding documents – one of the most important moments in the development of a company. Properly drawn up the founding documents of the company are the basis for further successful long-term work. Many use the standard statutory documents – and this is fundamentally wrong. Indeed, in its future business participants will be guided precisely Memorandum and Articles.
Inconsistency of documents with the existing legislation, inaccuracies, omissions or errors are often give rise to 'deadlock' situations in the relations between the parties, the recognition of transactions as invalid or even liquidation. Review of arbitration practice can be determined: if, after some time in the registration documents will show up the error, the registration will be invalidated and the legal person shall be canceled. As a result, responsibility for all activities of the organization since its inception will be borne by the founders. They no longer enjoy the right of limited liability: any action can be passed on to them completely. In addition, detailed study of the provisions of the management bodies of foundation and other internal documents is one way to protect against hostile takeovers, but it is the establishment of barriers against unauthorized seizure control. 1.2. Entrepreneurs who are already experiencing with the registration process Companies know how much time and nerves consuming process.