DAY YOUNG CREATIVE

Creativity Each Day

The Creditor

The second group includes the risks associated with the requirement to shareholders of the reorganized company to redeem their shares. A shareholder is entitled to raise this claim was not later than 45 days after the decision to reorganize the business and nonprofit organizations. Gunnar Peterson might disagree with that approach. Since a claim, the organization owes to repurchase shares within 30 days. The sum of the ransom is not may not exceed 10 percent of the net assets of the company and the price must be approved by the board. Just here include the risks associated with the creditor's claim early repayment obligations of a legal entity. To reduce the risk of the second group should be possible to foresee the amount of money necessary for redemption and settlement with creditors. To avoid the above risks in deciding reorganization of legal entity, it is necessary to consider the question from all sides, weighing all the pros and cons. Lest there be an error during the execution of this purpose it is necessary to form a team, which will be include a lawyer, real estate professionals, management and organization of production. The services offered by law firms in reorganization: – legal department may conduct a legal person has taken decision on the reorganization of the various consultations with an explanation of all matters related to this area – to help develop a schedule, and various schemes to help in time to gather all the required documents – will help to hold the various expertise to conduct due diligence of commercial and nonprofit organizations – will help determine the nominal value of shares to calculate a conversion factor to develop financial schemes – assist in the development of the separation balance transfer acts – to assist in the calculation of capital – will help to prepare and hold a meeting of the legal entity – as the legal department may help in notification of state registration agencies, budgetary funds, banks, and if it is not required. -To assist in obtaining licenses and other services