By transformation of a company we shall understand the change of form of the company, as well as the impact on the internal structure of the company specified by the statutory documents, based on the organs of the company, character of shareholders, the liability of shareholders and the company for its commitments. The term "tranformation" is used quite often to describe any structural changes in companies. In this case, this term is treated as a collective category, which also includes mergers and divisions.

The reasons for transformation may be an intention to change the size of the business, the type of activity or to decrease the operating costs of the company. An important factor may be the intention to increase or reduce the direct impact of the company's partners on the company's functioning.

According to law, each commercial company may be transformed into other commercial company. Additionally, a partnership may be transformed into a commercial company. Law regulates in a specific way transforming a partnership into an ordinary partnership. It is necessary for the transformation to notify the Registry Court by all of partners. Determining the date of transformation is essential for the whole process. The company under transformation becomes a transformed company on the date of entry of the last (transformed) company into the Registry.

The entire process of transformation requires careful analysis taking into account the provisions of the Commercial Companies Code, the Personal Income Tax Act, the Corporate Income Tax Act, the Goods and Services Tax Act, Tax on Civil Law Transactions Act, and the Accounting Act. The transfer of these activities in the hands of specialists from the S & P will make the transformation process will be carried out at the optimum time and will protect you from incurring unnecessary costs.

Due to complexity of the process related to transformation, its cost is always determined individually. It is composed of:

  • Remuneration for the S&P for leading the process of transformation;
  • Remuneration of the auditor;
  • Notarial fees;
  • Fees in the National Court Register.

The possible scenarios are:

  • Transformation of one-man company into limited liability company;
  • Transformation of one-man company into joint-stock company;
  • Transformation of one-man company into limited partnership;
  • Transformation of one-man company into limited joint-stock partnership;
  • Transformation of limited liability company into limited partnership;
  • Transformation of limited liability company into limited joint-stock partnership;
  • Transformation of joint-stock company into limited partnership;
  • Transformation of joint-stock company into limited joint-stock partnership;
  • Transformation of limited partnership into limited liability company;
  • Transformation of limited partnership into joint-stock company;
  • Transformation of limited joint-stock partnership into limited liability company;
  • Transformation of limited joint-stock partnership into joint-stock company;
  • Transformation of ordinary partnership into limited liability company;
  • Transformation of ordinary partnership into joint-stock company;
  • Transformation of unlimited liability partnership into limited liability company;
  • Transformation of unlimited liability partnership into joint-stock company;
  • Transformation of limited partnership into limited joint-stock partnership;
  • Transformation of limited joint-stock partnership into limited partnership;
  • Transformation of ordinary partnership into limited partnership;
  • Transformation of ordinary partnership into limited joint-stock partnership;
  • Transformation of unlimited liability partnership into limited partnership;
  • Transformation of unlimited liability partnership into limited joint-stock partnership;
  • Transformation of limited liability company into joint-stock company;
  • Transformation of joint-stock company into limited liability company;
  • Transformation of partnership into limited partnership;
  • Transformation of partnership into limited joint-stock partnership;
  • Transformation of partnership into ordinary partnership;
  • Transformation of partnership into unlimited liability partnership;
  • Transformation of partnership into limited liability company;
  • Transformation of partnership into joint-stock company.