Reorganization in the form of a merger

Reorganization of legal entities is considered one of the most complicated procedures associated with re-registration. Since each type of reorganization entails the succession and transfer of responsibilities from one legal entity to another, of course, attention must be paid to proper accounting / legal support to fully reflect the transfer of rights and obligations. When reorganizing a legal entity in the form of a merger with another legal entity, the first of them is considered reorganized from the moment it is entered in the single state register.

Merger of companies is, as a rule, the union of two or three legal entities, as a result of which a new economic unit is formed. Upon accession, all assets and liabilities of legal entities are transferred to one business entity. The remaining legal entities are liquidated.