Questions and Answers | Deyan Sotirov

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All Questions:

Is the sale of inherited company shares subject to declaration and taxation?

Deyan Dimitrov | 18.05.2023, 12:57 | Category: Transfer of Companies

Hello, my mother, my sister and I have inherited the company of my father, who passed away – a single-person LLC, each of us owning 1/3 of the company shares. Now two of us want to transfer their shares by sale-purchase over to the third one – as a sole owner of the capital with all… See the answer

Should a company procurator be appointed during a period of temporary disability?

Vanya Shishkova | 18.04.2023, 13:45 | Category: Filings with the Commercial Register

A self-insured owner of a single-person LLC has been in sick leave for about 3 months. Should a procurator of the company be appointed during the period of temporary disability? See the answer

Can I withdraw my notice under Art. 141, par. 5 of the Commerce Act?

Vesela Koleva | 21.03.2023, 13:54 | Category: Filings with the Commercial Register

Hello, I submitted as a director of a single-person LLC a notice under Art. 141, par. 5 of the Commerce Act. Is there an option and in what way could I withdraw/cancel that notice? No resolution for appointment of a new director was taken after the 30-day period. How could I make the… See the answer

What is the procedure for making an addition to the scope of activity of a Sole Proprietor?

anonymous | 25.08.2022, 22:25 | Category: Filings with the Commercial Register

I need to add activities related to the purchase and sale of medicinal products, consumables and their transportation and storage to the scope of activity of an already registered company (Sole Proprietor), currently including activities, such as trade, purchase and sale, re-sale, tourist… See the answer

Who can file for registration of a changed seat and address of management?

Daniela Krasteva | 21.03.2022, 17:13 | Category: Filings with the Commercial Register

Hello! I am the sole capital owner of a single-person LLC. I decided to change the seat and address of management of the company and, respectively, to adopt and sign a new Constitutive Deed reflecting the changed seat and address of management. I have elected another person to be the… See the answer

What documents should be presented for the publication of a capital reduction resolution?

B. Peykov | 25.03.2021, 14:26 | Category: Filings with the Commercial Register

Hello. I registered by myself a single-person LLC in 2014 with registered capital of 1000 Levs (50 shares of 20 Levs each). I retired 2 years ago and the business of my company is now with 2-3 % capacity. I decided to reduce the capital from 1000 Levs to 100 Levs (50 shares of 2 Levs each… See the answer

Can the enterprise of a deceased Sole Proprietor be bought up?

Ivan | 26.02.2021, 12:21 | Category: Transfer of Companies

Hello, Mr. Sotirov. My father was registered as a Sole Proprietor but he passed away and now we (me along with my sister and mother) inherit the said proprietor. My sister wants to carry on with the business of the Sole Proprietor and for that purpose she is planning to open a new company… See the answer

May an executive director be replaced by a resolution of the BoD?

Mirela Ivanova | 07.10.2020, 13:08 | Category: Filings with the Commercial Register

Hello! A notice of resignation has been given by the executive director of a JSCo. The period of the notice is now expiring and the executive director has not yet been deleted from the Commercial Register, nor has a new one been elected. There is an ongoing procedure for the election of a… See the answer

Am I allowed to open an IMDL for conducting ultrasound tests only?

Nikolai Shterev | 03.10.2020, 17:53 | Category: Licenses and Registrations

Hello! I am interested in knowing whether or not a physician who is a specialist in image diagnostics may open his own specialized medical diagnostic laboratory for conducting ultrasound tests ONLY – by using an ultrasound unit and no x-ray or any other equipment whatsoever. Thanks in… See the answer