If you want to sell your business or carry out changes in the ownership of your company in another way or for other reasons - e.g., in connection with being appointed as a civil servant, inheritance or accepting new shareholders, then you will need to go through a procedure for transfer of your company along with registration of such transfer in the Commercial Register. You can prepare and submit the documents necessary for the respective procedure either personally or through engaging the services of a lawyer.

In case you need assistance, I am at your service - please, read on to find out detailed information about the offered legal service.

Quick Facts about the Service

You may find below answers to some of the most frequently asked questions regarding the service for transfer of a company:

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My fee for transferring a company through transfer of company shares is usually in the amount of 150 Levs. This is the most popular and preferred form for carrying out changes in the ownership of a company, but there are other types of instruments and transactions as well - information about the fee for their implementation may be found on page Fees.
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The state fee for registration of a transfer of company shares in the Commercial Register is in the amount of 15 Levs and the one for registration of a transfer of a commercial enterprise - 40 Levs (or 15 Levs in the case of a sole proprietor). You will also need to pay additional costs for notary fees depending on the specifics of the particular situation - the price under the contract, whether or not there are minutes with resolutions that need notarization, etc.
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The transfer is usually registered within 4 business days from filing the documents with the Commercial Register. If the client is readily available, the entire procedure from requesting the service to the registration of the transfer could be completed within 6 business days. In certain situations it may be necessary to undertake some preparatory steps which may extend the total time for completing the service - for example, when transferring a commercial enterprise, it would be necessary to obtain from the NRA a certificate under Art. 77 of the TSIPC which may take up to 2 months.
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Yes, you can request the service either at a personal meeting in my office or remotely via phone or email. The service in terms of the transfer of company shares can be also requested online through the Request an Electronic Service page.
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Details depending on the specifics of the particular situation, such as the UIC of the company, information regarding the parties to the contract and the price of the transaction, etc., will be discussed in the process of requesting the service. You will also need to provide the identification documents for the respective persons - photos or scanned copies of such documents are to be provided in the case of remotely requested services.
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The service covers full assistance with the procedure for transfer of a company, namely: drafting the necessary documentation, accompanying the client to a notary public (if necessary), providing full instructions for signing and preparation of the documentation in the case of remotely requested services, filing the documents with the Commercial Register. Clients could also benefit from the opportunity to receive additional assistance in the form of consultations on various matters relating to the transferring, such as liability of the capital owners and directors for obligations and debts of the company, tax effects of the transactions, etc.

If you need additional information, please read on to find out more - both general information and links to detailed content relating to the numerous matters and aspects of the various procedures for carrying out changes in the ownership of a company.

General Information

The transfer of a company is a general term which refers to various situations - in terms of both the different types of transfer transactions and the different legal instruments for carrying out the transfer.

The transfer of a company is most often associated with the transfer of shares or the transfer of a commercial enterprise. It is usually carried into effect through a sale-purchase contract but there are no legal barriers to using alternatives, such as contracts for donation or exchange. There is legal succession in other situations as well - upon inheritance or upon the various forms of transformation, presented separately in the Transformation of Companies service.

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. The transfer of an enterprise is carried out by a transaction in writing with notarization of the signatures and content made simultaneously and is subject to being registered in the Commercial Register simultaneously in the files of both the transferor and the transferee.

The company share is something different - it represents the participation of a shareholder in a limited liability company as a set of property and non-property membership rights and obligations. The transfer of a company share is regulated by law and the respective contract also needs to be concluded with notarization of the signatures and content made simultaneously and then registered in the Commercial Register.

A standard form application of Group A - upon transfer of shares and accepting new shareholders, or of Group V - upon transfer or acquisition of a commercial enterprise along with the prepared documents enclosed thereto needs to be filed with the Commercial Register for the purposes of the implementation of the respective procedure. The application may be filed either on paper or electronically (via the Internet) by being signed with an electronic signature - including by a lawyer authorized for such purpose.

Transfer Procedures

There are many specifics in the different transfer procedures and that is the reason why such procedures have been explained in detail and developed in separate articles - part of the Info Center section of the website. Each article contains detailed information on the stages of implementation of the respective procedure along with complete lists of all necessary documents and applicable costs.

You may find in the right section of the page in block “Related Procedures” a list of all articles published so far in the category of the service described herein, namely: the procedures for transfer of shares, stocks and a commercial enterprise, acquisition of the enterprise of a sole proprietor and registration of changes in relation to the termination of the participation of a shareholder in a limited liability company.

As a lawyer practicing in the field of corporate law I have extensive experience in providing legal services in transactions related to the transfer of companies. In my practice I have had numerous occasions to assist my clients with procedures for transfer of shares and commercial enterprises, but also with other procedures having similar effect - e.g., in the cases of accepting new shareholders through increase of the registered capital (see the Filings with the Commercial Register service), a shareholder leaving unilaterally a limited liability company, etc.

Questions and Answers

Although the articles contain detailed information, there are still many specific elements of the transfer procedures that might remain out of their scope. That is the reason why the website has been designed to allow online discussion of the published articles and posting questions to them - thus aiming to help clarify the respective topics through exchange of information and opinions on related matters of interest to the users.

You may find in the right section of the page in block “Related Questions” a list of the latest questions published in the category of the service described herein. If you would like to see all questions, please visit the Questions and Answers page and use the available web form to filter the results by the respective category.

Still not finding the information you need?

If you are not finding the information you are looking for and have questions regarding the service described herein, please do nоt hesitate to contact me via any of the ways listed on the website, including via Viber or Skype. I am at your service and will gladly answer all of your questions so that you can make an informed decision with regard to the transfer of a company.

If you would like to reach me, please use the contact information below or visit the Contact page and send me a message through the web form thereon.