Стартирането на нов бизнес изисква правилен избор на правна форма според изискванията на Търговския регистър. В тази статия ще разгледаме процеса по регистрация на фирми – ЕООД и ООД, какви са основните разлики между тях и кои документи са ви необходими за успешен старт.

You have a business idea and it's time to register your company. Usually, the owners turn to an accounting firm or a lawyer for this service, but the procedure is not that complicated. First of all, you should be aware of what type of company you will register: ET, EOOD or OOD. There are, of course, other types of associations: KD, SD, AD. Here's a quick look at the differences between the different types of associations.

EOOD – Sole proprietorship with limited liability

Here the company and all the capital is owned by one person as in ET. The difference is in the set of documents for registration, accounting and responsibility. Any legal adult can register an EOOD and it is not necessary to be only a natural person, i.e. another company can register an EOOD.

Protection of intellectual property - trademark, patent, copyright

Before registering an EOOD, you must specify the subject of activity and the name of the company. Check in the Commercial Register whether the name is free. You can also do the check online on the website. The following are the steps for registering your EOOD.

Required documents for registration:

• founding act (Statute) – the test is exemplary; you need 4 copies - one original for you, one original for TR (Commercial Register) with all data, one original for TR with deleted personal data, one copy, maybe a copy, for the bank where you will open a collection account and deposit the capital ;
• decision of a general meeting;
• declaration under Art. 13, para. 4 and para. 5 of the Law on the Commercial Register and the Register of Non-Profit Legal Entities;
• declaration of the circumstances under Art. 141, para. 8 and Art. 142 of the Criminal Code;
• consent to acceptance of management and a sample of the signature under Art. 141, para. 3 of the TK - certified by a notary;
• power of attorney, if the company registration will be done not by you personally, but by a lawyer
• form A4, which you can download from the website of the Commercial Register, fill in in advance, but DO NOT sign (it is signed during the registration itself in front of the counter clerk);
• permit or license if the subject of activity requires it.

Лесни стъпки за регистрация на фирми 

Collection account and notary public

The next step is to open a fundraising account of the company, to which the capital will be deposited. The bank is your choice. You can also pay the state registration fee there. You will attach the notes of paid-in capital and fee paid, which the bank will issue to you, with the registration documentation. You will need to leave a copy of the Articles of Association with the bank. Then you go to a notary to certify the specimens (the sample signature mentioned above).

Registration in the Commercial Register at the Registration Agency

The last step is to register your company with the entire set of documents. If a lawyer or accounting firm does it, they will probably use their electronic signature and the government fee will be half as much. As mentioned above, Form A4 is signed in front of the employee. At the counter you will be issued a document with an entry number. If everything is filled in correctly, a few days after the registration on the TR website you will find your company registered with an issued EIK number (BULSTAT). You must always carry a valid ID as described in the registration documents.

Current account

When the company's BULSTAT comes out, you can go to the bank where you opened the collection account, withdraw the capital and open a company current account in this or another bank. Fees and terms are different for each bank. With this account, you will carry out the main banking operations of the company.

Ltd. – Limited Liability Company

The difference with an EOOD is that here the capital is distributed between two or more partners. The registration documents are the same, with minor differences. In the Articles of Association, for example, data, rights and obligations and distribution of the capital of all partners will be indicated, the declarations and specimens will be equal to the number of partners, and during the registration process it is proper for all partners to be present. The main difference between ET and OOD/EOOD is liability. While with an ET the owner is liable with all his personal property, with an OOD/EOOD as the name suggests, the liability is limited only to the company's property. This means that if you run up debts, creditors can claim from you anything that is in the name of the business, but not money and movable or immovable property that is yours.

You are now ready to start business.

© 2023 Iliana Dechkova