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17.07.2025
AMENDMENTS TO THE RF CIVIL CODE: JSCS AND LLCS ARE ALLOWED TO HAVE A SOLE FOUNDER OR SHAREHOLDER BEING ANOTHER SINGLE-MEMBER COMPANY
Relevant amendments have been made to the Civil Code of the Russian Federation. They enter into force on August 1, 2025.
Currently, the Civil Code stipulates that, as a general rule, a business entity may not have as its sole participant another business entity consisting of a single person (entity).
Similar amendments to be introduced into the Law on Joint Stock Companies and the Law on Limited Liability Companies.
These amendments have been developed to expand the opportunities available to entrepreneurs for structuring their businesses in a more flexible way.
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