How to sell a business share if you are not in Ukraine?

Divorce is the legal process of ending a marriage between spouses. It can take place through the Civil Registry Office or the court and involves resolving issues regarding children, property, and alimony.

Sometimes life happens in such a way that the owner of a business share left after a full-scale invasion, and his LLC continues to operate in Ukraine. And since there are no plans to return, it makes sense to sell this share through a representative. The law firm “DE-JURE” recently organized the legal registration of a power of attorney agreement in just such a case. According to lawyer Patimat Hajiyeva, who specializes in corporate law, the legal assistance provided included the following stages:

• consultation on the legal consequences of alienating a share in the authorized capital of an LLC;
• analysis of the company’s charter to determine the procedure for alienating the share;
• drawing up a power of attorney for the client’s representative, which provided the right to conclude a purchase and sale agreement for a share in the authorized capital and carry out all necessary actions on behalf of the client;
• preparation of a purchase and sale agreement for a share in the authorized capital of an LLC, an act of acceptance and transfer of a share and other documents for state registration of changes in the composition of the LLC participants;
• representation of the client’s interests during negotiations with the buyer, including agreement on the terms of the agreement, the procedure for making payments under the agreement;
• ensuring state registration of changes in the composition of the LLC participants, legally formalizing the transfer of rights to the share to a new participant.

Thus, the client successfully sold 100% of his shares in the authorized capital of the company and received payment without returning to Ukraine. The law firm “DE-JURE” prepared and registered all documents in accordance with the requirements of the legislation.