8 am – 4 pm

Our Opening Hours Mon. - Fri.

+385 (51) 373 608

Call Us For Consultation

ONLINE CONSULTATION
logo
Contact us
mobile logo
 

limited liability company Tag

Law firm Vaić & Dvorničić Ltd. > Posts tagged "limited liability company"
11 August
0 Comments
Sticky

Exclusion of a member from a Limited Liability Company (LLC)

Posted by Admin
in Commercial law, Contract law

The Companies Act prescribes the ways in which membership in a limited liability company (d.o.o., LLC) can be terminated. According to the law, membership may cease in the following ways: 1. Death of a natural person member 2. Dissolution of a legal entity member 3. Transfer or sale of a business share 4. Withdrawal (redemption of the business share – e.g., exclusion due to non-payment of share contribution – forfeiture) 5. Exclusion of a member for other reasons 6. Voluntary withdrawal of a member from the company 7. Dissolution of the company. A member of a limited liability company may be excluded if there is an important reason,...

Continue reading
11 July
0 Comments
Sticky

Withdrawal of a member from a Limited liability company (LLC)

Posted by Admin
in Commercial law, Contract law

According to the Croatian Companies Act, membership in an LLC terminates in the following ways: 1. upon the death of a natural person member, 2. upon the dissolution of a legal entity member, 3. by transfer or assignment of the ownership interest, 4. by redemption (amortization of the ownership interest) or expulsion due to non-payment of the contribution (forfeiture), 5. by expulsion of a member for other reasons, 6. by voluntary withdrawal of a member, 7. upon the dissolution of the company. One of the possible ways for membership in an LLC to cease is through the voluntary withdrawal of a member. A member may withdraw...

Continue reading