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:

Dissolution and liquidation of a Limited Liability Company

12.09.2011 | 16 comments | 4031 views | Categories: Procedures Dissolution of Companies

Irrespective of whether a Limited Liability Company has been established with or without a term of existence, it may always be dissolved and deleted from the Commercial Register on the grounds provided for in the Commerce Act following the completion of a liquidation procedure. General Information Termination grounds are legal actions or facts resulting in the business activity of a company being discontinued and the company itself ceasing to exist as a legal entity. Such grounds are set out in Art. 154, par. 1 of the Commerce Act – upon expiration… Read the article

Registration for carrying out activity as a tour operator and/or a travel agent

17.07.2011 | 42 comments | 4860 views | Categories: Procedures Licenses and Registrations

Tour-operators and travel agency activity are tourist activities within the meaning of the Tourism Act. Tour-operators and travel agent activity on the territory of the Republic of Bulgaria may be carried out only by a person registered under the Tourism Act. Such activities are subject to control by the state in view to protection and guaranteeing the security and the rights of the consumers of tourist services, as well as in view to prevention occurrence of danger of prejudicing state and public interests in the tourism sector. The registration is carried out by the… Read the article

Transfer of a commercial enterprise

08.07.2011 | 14 comments | 3694 views | Categories: Procedures Transfer of Companies

When using the term merchant the Commerce Act refers to the business owner and when using the term enterprise – to the set of rights, obligations and factual relations which are the legal expression of the business and through which the latter operates. The commercial enterprise is a set of rights, obligations and factual relations arising as a result of the business activity of a company and as such may be transferred. General Information Rights include ownership rights and all limited rights in rem over any movable and immovable property,… Read the article

Deletion of a Sole Proprietor from the Commercial Register

28.06.2011 | 8 comments | 5015 views | Categories: Procedures Dissolution of Companies

The natural person loses its capacity as a Sole Proprietor as a result of any of the prerequisites under Art. 56 of the Commerce Act having ceased to exist – upon discontinuance of the business activity, moving abroad, death or legal disability. In turn, the loss of commercial capacity entails the necessity to delete (expunge) the registration of the Sole Proprietor from the Commercial Register. Pursuant to Art. 60a of the Commerce Act the registration of a Sole Proprietor should be deleted from the Commercial Register: upon termination of his/her activity or… Read the article

Termination of the membership of a shareholder in a limited liability company

11.06.2011 | 16 comments | 5635 views | Categories: Procedures Transfer of Companies

Depending on whether or not the termination of the membership of a shareholder in a limited liability company occurs as a result of his/her choice, termination grounds divide into two groups: objective and such depending on the shareholder’s choice and free will. Objective grounds include death and full interdiction of a natural person, bankruptcy, expulsion¹, liquidation of the LLC, etc. The membership of a shareholder might be terminated voluntarily by him/her in the following situations: upon transfer of his/her company shares or upon withdrawal from the… Read the article

Transfer of shares in the capital of a limited liability company

07.06.2011 | 36 comments | 5615 views | Categories: Procedures Transfer of Companies

By its nature the company share is the shareholder’s portion of the property and assets of a limited liability company. The company share is a concept that also reflects the shareholder’s participation in an LLC as a set of material and non-material rights and obligations, i.e. his membership. Pursuant to the Commerce Act the company share is determined according to the shareholder’s participation in the capital and may be transferred. General Information The transfer of company shares is a derivative method of acquisition. By succession is also… Read the article