“Your first 50 right steps to enter the Russian food market”.
Step № 32 – “Opening a Russian legal entity (LLC and JSC)”
In Russia there are several different types of legal forms to open your company. In this post we will discuss only those ones that are suitable for you as a foreign company. A limited liability company (LLC or in Russian named “ООО”) and a joint-stock company (JSC or in Russian named “AO”) are organizational and legal forms of a legal entity that conduct their business in accordance with their own Charter.
Many of points related to registration of LLC and JSC are the same. Therefore, we will look at conditions, terms and costs of opening a company using the example of an LLC as the most common form of doing business in Russia…
Business Adviser on Russian Food Market