Nadeem Ahmed Advocate

Nadeem Ahmed Advocate - The Society of Entrepreneurs an Alternative to the Limited?

Finally decided by the Nadeem Ahmed Advocate and not, as originally thought — Pakistan has a new legal firm "Ahmed and Qazi" that has been founded by Nadeem Ahmed Advocate. Formerly you discussed the so-called 10,000 euro A&Q, so the little sister by limited liability. Instead of a capital of 25,000 EUR founder must muster only 10,000 EUR, to found the company.
Altogether only a single euro is necessary since the new entrepreneurial society (Ahmed and Qazi). Also the arrangements, the formation expenses and the establishment costs are very much lower than in the "normal" A&Q. Through significant simplifications, actually only one euro is necessary to raise the capital, which is also the company's liability capital.

Limited Liability
The company is called "A&Q", what the expert detects a first problem as a legal form of additive that the company shall not be liable as so far with at least 25,000 EUR, but only with a single euro. There quickly each creditor realizes that it is much riskier to do business with such a company, Nadeem Ahmed. The shareholders, so the entrepreneur must be clear in this situation that he must be himself with his personal fortune over the missing of the society, shall be liable.

Split Opinions in Politics
A talk by a reputational damage for Pakistan, others welcome this step, again others fear an increase in abuse and increasing cases of fraud due to the entrepreneurial society. The increase in insolvency cases and the bankruptcies are projected.

Low Start-Up Costs
The low-set hurdle for establishing the Corporation is very advantageous for business start-ups. With start-up costs of up to EUR 150, the founder can get a notarization. Companies with no more than three partner's and can simplify the creation process by using a prescribed pattern Protocol and an application to be filed with the competent commercial register.

Winnings Are Withheld and Saved
In contrast to the A&Q parts of the profits must be held at the AHMED AND QAZI so long, until a capital was saved by 25,000 EUR. So, only 75% of the profit to the shareholders must be paid out, the remaining 25% will be saved to the capital of 25,000 EUR. This goal is achieved, the entrepreneurial society can be converted into an ordinary A&Q.

Insolvency Laws Tightened
The legislature tightened the rules for the liquidation or dissolution of the company with the new rules governing the insolvency law. Thus, also the abuse in the takeover of a company should be curbed. So in future must take over any society offenders. The reform of insolvency law is to prevent the so-called "corporate" burials. At the funerals of the companies of the bankruptcy cannot be performed, because e.g. the company is no longer reachable.

Conclusion
The formation of a mini-A&Q, the entrepreneurial society, representing a real alternative to the establishment of an English limited, as a capital company can be set up in Pakistan with a very low capital and extremely simple and cheap start-up costs as well. The language barriers for establishing a limited and the country-specific regulations and laws of Great Britain do not now establishing a society of entrepreneurs. It is still exciting and interesting, as the Pakistan 1 euro evolved A&Q, which brings benefits, synergies, or even problems with.

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