Incorporating Companies

Thinking of starting a business or opening a store with partners? Our recommendation is to first incorporate a company, then open files with the tax authority and VAT. When forming the company, we strongly recommend signing a partnership agreement at the outset. It is also possible — and sometimes advisable — to incorporate parts of the partnership agreement into the company's articles of association (the company's rulebook, which is publicly accessible). A partnership agreement is especially important from day one. It sets out: • When will profits be distributed? • How is salary determined for the partners? • Who are the authorized signatories on the bank account? But even more important to address at the time of formation: how does a partner exit the partnership and the company with minimum losses? And what is the legal liability of the partners in the event of liquidation? Our firm will guide you through every stage of company formation and partnership agreement drafting — contact us.