Info Center | Deyan Sotirov | Corporate Lawyer

Clients and visitors being well informed is of primary importance to me (Work Principles). Driven by such understanding I have developed and I am constantly updating this section of the website – called “Info Center” as its primary goal suggests.

My goal is to turn the website into a highly useful source of information and the Info Center is the online tool to be used for achieving such objective. In this section I will publish useful materials and legal news (Procedures, News), as well as individual analyses and opinions on debatable issues from the theory and practice in the field of corporate and company law (Blog).

For ensuring maximum useful effect I have provided online functionality that allows the sending and publication of questions and comments to each of the articles – for online discussion and clarification of the respective topics.

You may find below a web form that allows browsing the articles published in the Info Center by their category. It is a convenient way for visitors to find their topic of interest and to ask a question or send a comment by using the web form at the end of the respective page.

For finding an article (topic) of interest you may also use the search form (in the upper right corner of the website) or visit the Search page and use the respective keywords as per your preference.

All Articles:

Registration of a Joint-Stock Company

06.08.2013 | 0 comments | 1175 views | Categories: Procedures Registration of Companies

The joint-stock company may not be the most common legal-organizational company form but it is the company with the greatest economic significance. This is mostly due to the fact that the joint-stock company is the most effective company form for raising and concentration of capital. JSCo. has the characteristics of a capital company and it is the most typical representative of that type of companies. JSCo. has other distinctive (from legal standpoint) features as well which in certain situations make it more suitable and preferred form for registration and doing business^{1… Read the article}

Registration of a Sole Proprietor

05.06.2013 | 0 comments | 900 views | Categories: Procedures Registration of Companies

The Sole Proprietor is a type of merchant. Any natural person possessing capacity and whose permanent residence is in Bulgaria, including also a foreign citizen, may register as a Sole Proprietor. A person may register only one trade name as a Sole Proprietor. A Sole Proprietor’s trade name should include without abbreviation the person’s given name and either the surname or the patronymic by which he/she is generally known. The registration of the Sole Proprietor is effected through entering into the Commercial Register with the Registry Agency.… Read the article

Successfully conducting a procedure for expulsion of a shareholder from an LLC

11.04.2013 | 2 comments | 823 views | Categories: Blog Filings with the Commercial Register

The expulsion of a shareholder from a limited liability company (LLC) is the main and most serious consequence resulting from the non-performance of his/her obligations – it is a severe sanction that should be used in exceptional cases only. This is also the understanding of the judicial practice, which is why courts very often grant statements of action filed on the grounds of Art. 74 of the Commerce Act – aimed at revoking the expulsion resolution of the General Meeting. This is why it is very important that the expulsion procedure is conducted carefully, taking into… Read the article

Registration of a Limited Liability Company

04.04.2013 | 16 comments | 1765 views | Categories: Procedures Registration of Companies

The limited liability company is the most common company form¹. From legal point of view this type of company is preferred because it is an intermediate form between the personal and the capital companies, which is why the registration of an LLC allows for avoiding the complex procedure of setting up a joint-stock company and the risk and personal liability of the general partnership, while keeping the personal involvement that is typical of the personal companies. General Information The incorporation of an LLC is a result of the… Read the article

Specifics in the termination of a membership in a General Partnership

10.12.2012 | 10 comments | 3486 views | Categories: Blog Dissolution of Companies

I often receive in my practice inquiries regarding the General Partnership companies – mainly arising from the necessity to undertake steps for carrying out or registering certain changes in their membership. Quite often such inquiries relate to matters revealing various specific moments – mostly in comparison to the more common similar instances in terms of the limited liability companies (LLC). Very often there isn’t sufficient legislative clarity and non-conflicting judicial practice to compensate for that. Moreover, views and conceptions expressed in the legal… Read the article

Change of a company’s business name and scope of activity

04.12.2012 | 2 comments | 10143 views | Categories: Procedures Filings with the Commercial Register

Companies often undertake changes to their business names – the Commerce Act explicitly entitles companies to request a change to their registered business names. In numerous situations, usually in connection with the various requirements and restrictions set forth in acts of special legislation, companies also undertake steps for amending or supplementing their registered scope of activity. General Information The business name is the name under which a company carries out its business and signs. The law provides for certain requirements as to the… Read the article