Can business in Russia change it’s legal entity type?

Indeed, it is possible for a business in Russia to alter its legal form. The process of changing a business’s legal entity type requires multiple stages, such as seeking advice from experts, establishing a new entity, transferring assets and operations, winding up the old entity, and informing stakeholders. The procedure can differ based on the existing and desired business structures and legislation. It is essential to seek guidance from professionals and guarantee that all steps are executed accurately to prevent substantial legal and financial consequences.