“Changes in Federal Law “On Limited Liability Companies”” - Update

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This article was contributed by ILN member Lidings Law Firm.

Deadline for reregistering articles of association of limited liability companies until the end of current year set panic among general directors and massive lines to the tax authorities. Although the Federal Tax Service has already issued a letter in which it confirmed that failure to reregister foundation documents until January 1, 2010 according to new standards will not in any way effect validity of existence of LLCs, owners of businesses and other related parties continued to spend long hours in queues waiting to amend their documents.

Please see full update below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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