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Comparison Table of Main Types of Ownership Characteristics No. Type of Ownership

1

Legal status

Participants’ legal status

2

3

1

Individual proprietorship

Individual entrepreneu rship

Individual proprietor

Individual form

2

Special partner-ship

Individual entrepreneu rship

Partners: individual proprietors and (or) commercial organizations

From partners

3

General partner-ship

Legal entity

Full partners: individuals and (or) commercial organizations

From partners

4

limited partnership

Legal entity

Full partners: individuals and (or) commercial organizations; investors: citizens and legal entities (except for state authorities and local self governing bodies) Participants: citizens and legal entities (state authorities and local self-governing agencies shall not have the right to be participants in companies, unless otherwise established by law)

5

Limited liability company

Legal entity

6

Additional Liability Company

Legal entity

7

Closed Joint Stock company

Legal entity

8

Open Joint Stock

Legal entity

4

Limitations on the number of participants

Participants: citizens and legal entities (state authorities and local self-governing agencies shall not have the right to be participants in companies, unless otherwise established by law) Shareholders: individuals or/and legal entities

Shareholders: individuals or/and legal entities

Constituent documents (or documents proving the general right to conduct commercial activity)

5

Size, structure and the procedure of formation of an authorized capital (shared property)

6

Details of participants’ entrance and withdrawal procedures

7

8

License, Certificate of Incorporation or patent

Not formed

Based on individual decision

2

Joint venture agreement

Shared property of partners shall be formed of partners’ investments

Entrance by common agreement of participants. Withdrawal: upon the termination of a contract, on the basis of personal decision (with reimbursement of damage to other partners by withdrawal).

2

Foundation agreement

Share capital of a partnership is formed of partners’ investments

Entrance by common agreement of participants. Withdrawal: expulsion through trial proceedings by unanimous decision of partners, on the basis of personal decision (with reimbursement to the participant of a money equivalent of his share in a share capital).

Not less than one full partner and one limited partner

Foundation agreement

Share capital of a partnership shall be formed of investments of partners and limited partners

Entrance by common agreement of participants. Withdrawal: expulsion by participants’ unanimous agreement, on the basis of the participant’s personal decision (with reimbursement of his share). At the end of a financial year the investor can withdraw from partnership and get his investment share according to a procedure established in a foundation agreement.

No more than 50 participants

Foundation agreement, a charter

No more than 50 participants

Foundation agreement, a charter

No more than 50 shareholders

charter

No limitations

charter

full

The authorized capital of the company shall be formed of participants' shares' par value. The size of the authorized capital shall not be less than 100 minimum monthly wages set by the federal law on the date of submitting documents for the company's state registration Similar to the rules of a limited liability company

The authorized capital of a company consists of the shareholders' investments. At the registration moment an authorized capital shall not be less than 100 minimum monthly wages. The authorized capital of a company shall be formed of shareholders'

Entrance by common agreement of participants. Withdrawal: expulsion by participants' majority vote, on the basis of the participant's personal decision (with reimbursement of his share). Other participants have the preemptive right to purchase the share of this participant.

Similar to the rules of a limited liability company.

Entrance by common agreement of participants. Withdrawal: on the basis of personal decision (purchase or sale of shares). Other shareholders have the preemptive right to purchase shares of the withdrawing shareholder. Based on individual decision. (free purchase and sale of shares).

Business.support.structure.in.St.Petersburg  

1. STATE AND MUNICIPAL AUTHORITIES IN ST. PETERSBURG In St. Petersburg the system of state authorities was formed which has statutory object...

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