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5

Limited liability company

General meeting of participants. A collegial and/or personal executive body.

The principle of decision making by a simple majority of participants’ votes dominates. Reorganization and liquidation anticipate an unanimous decision. The number of participants’ votes is proportional to the number of shares. General meeting of Same as the rules for a participants. A limited liability company. collegial and/or personal executive body.

6

Additional responsibility society

7

Closed joint- General stock company stockholders’ meeting. It is possible to found a board of directors (supervisory council). A collegial and/or personal executive body.

The principle of decision making by a simple majority of shareholders’ votes dominates. The number of a shareholder’s votes is proportional to the number of voting shares.

Participation shareholders everyday activities common

8

Open jointGeneral stock company stockholders’ meeting. It is possible to found a board of directors (supervisory council). A collegial and/or personal executive body.

The principle of decision making by a simple majority of shareholders’ votes dominates. The number of a shareholder’s votes is proportional to the number of voting shares.

The practice of Not regulated stakeholders’ participation in the current activities is not common

9

Production cooperative or work association

The principle of decision Obligatory making by a simple majority of votes dominates. Reorganization and liquidation anticipates an unanimous decision. Each member has one vote.

General meeting of the cooperative embers. A cooperative with over 50 embers can have supervisory council, a board and/or its chairman.

Direct participation of owners in current activities is common

If the company consists of Not limited a single person it cannot be the only participant of another company

Not obligatory

Expenses, losses and profit are distributed proportionally to the shares in the authorized capital. The responsibility of the participants is limited with their investments.

Same as the rules Same as the rules for a Not limited for a limited limited liability company liability company

Not obligatory

Expenses, losses and profit are distributed proportionally to the shares in the authorized capital. The participants solidary have subsidiary responsibility with their property for the liabilities of the company in equal for everybody size proportionate to the size of their investments.

of Not regulated in

Not limited

is

Not regulated

Not obligatory except Profits and losses are distributed proportionally to the cost of shares for cases of public of the shareholders. The shareholders’ liability is limited with the cost placement of bonds or of their shares. other securities by the company

Not limited

Obligatory

Not limited

Not obligatory

Same as the rules for the closed joint-stock companies.

Expenses, losses and profits are distributed mostly among the members in accordance with their labour participation. The members have solidary responsibility in the limits of their investments

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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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