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You may need a lawyer's advice for doing business in Bulgaria, such as in other countries like France.The Bulgarian OOD (limited liability company) is a form of business especially established by the small and medium companies and it is formed by members with the liability limited to their contribution to the company’s capital.It is considered very advantageous to open a Bulgarian OOD because, unlike other jurisdictions, there is no need to submit a minimal share capital at incorporation.The main documents of a Bulgarian limited liability company necessary for registration are the articles of incorporation and the memorandum of association (the last one in case only one shareholder is involved).A dormant company is one that doesn’t trade and has no transactions.Despite this you are still required to file annual returns with CRO.If you have a limited liability company that is to close or has ceased trading it’s very important that you take the necessary steps to formerly dissolve the company or follow a dormant company route.

" If your company can be viable in future, but current pressure is mounting, this could be a superb solution.You can choose to liquidate your limited company (also called ‘winding up’ a company).The company will stop doing business and employing people.Every case is different, but there are always some crucial points to consider before embarking down this path. KSA Group knows how to restructure businesses based upon the experience gained from doing hands-on turnaround work for more than 30 years! "Keith Steven is one of the most creative and well informed turnaround professionals that I have worked with.He is without doubt the country's leading expert on the little used but hugely powerful company voluntary arrangement (CVA) mechanism.

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