A reliable budget will allow you to understand how to control your expenses: the organization will spend only when you are clearly aware that these expenses can be allowed. The budget will also allow you to see information about savings to create cash reserves for the company.
One of the best ways to manage a firm’s budget is to create a cash forecast. Such forecasts will be needed to plan financing and allocation of resources between different lines of business. We’ll introduce you to the basic steps that you need to take in order to use the forecasting capabilities to the maximum. Continue reading
A company registered under the law of Cyprus filed a lawsuit with the Russian Arbitration Court regarding the recognition of contracts of participation in construction as invalid. The right for such appeal was the fact that the company from Cyprus owned a share of more than sixty percent of the authorized capital of the developer, which sold office space at a low cost to a third party.
When a lawsuit was filed by a Cypriot company, all evidence was provided that it was entered in the Cyprus Commercial Register, which confirmed the status of the company both under Cyprus law and under Russian law as the plaintiff and owner of a share in the company. Continue reading
We give an introduction
Imagine that a Russian company that produces several types of products has a foreign founder who works abroad in the same industry and is engaged in the production of similar types of products. The parent company plans to order services from its Russian subsidiary to promote and advertise new products on the Russian market. The planned scope of services is as follows:
advertising in all types of media; Continue reading