Change of Company Purpose
Your Notary for a Smooth Change of Company Purpose in Berlin
Are you a shareholder looking to change your company’s purpose? We support you with notarisation and the required commercial register applications. Book your quick notary appointment now – for a stress-free change of your company’s purpose!
Pia ★ ★ ★ ★ ★
My change of purpose with Mr Franke was simple and fast.
Success Is Waiting for You
Corporate law made easy! Our notary services provide fast and straightforward support for all matters relating to your company (GmbH, UG, etc.). We are your notary in Berlin for changes to your company’s purpose – for a smooth amendment and a fresh start in your business future! Contact us today!
Difference Between an Extension of Purpose and an Economic Re-formation
Change / Extension of company purpose
- Definition: An extension of purpose involves amending or supplementing the company’s stated purpose as set out in the articles of association.
- Goal: The aim is to expand the existing company into new business areas or activities without creating a new legal entity.
Economic re-formation
- Definition: An economic re-formation means establishing a new company that is legally independent of existing companies. This is generally the case when three or more core purposes are changed, rather than merely extending or supplementing the existing purpose.
- Goal: The aim is to pursue an entirely new business field or idea, often with its own identity and structure.
- Important: In the case of an economic re-formation, the managing director must confirm that the share capital is still fully intact. If it is not, the capital must first be replenished before the re-formation can be completed.
Commercial Register Filing
After notarisation of the shareholders’ resolution, the new purpose is filed with the commercial register. Once the entry has been made, your company’s new purpose is officially recorded. This ensures a smooth and legally sound transition during the restructuring of your business.
Need a Quick Notary Appointment for Your Change of Purpose?
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What Our Clients Say About Us
Team ABA, change of purpose
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Many thanks to Mr Franke for handling my change of purpose.
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What Are the Notary Costs for a Change of Purpose?
The costs for a change of company purpose are set by law and are identical at every notary. They amount to approximately €450 gross. Book your appointment with Notary Franke now – no long waiting times!
Frequently Asked Questions – Change of Company Purpose
A change of purpose is necessary when the company’s activities no longer align with the purpose defined in the articles of association. Reasons may include expanding into new business areas, adapting to changed market conditions, or taking on additional activities. The amendment allows the legal framework of the company to be aligned with its actual activities and opens up new business opportunities. Without a legally correct change of purpose, liability risks or issues with authorities could arise.
The process typically takes 2 to 4 weeks, depending on the processing time of the commercial register. After the shareholders’ meeting has resolved on the new company purpose, notarisation takes place. The change is then filed with the commercial register. Delays can occur if documents are missing or incomplete. Thorough preparation significantly speeds up the process. Notary Franke in Berlin is happy to assist you.
The following documents are required:
- Shareholders’ resolution setting out the change or extension of the company purpose
- The existing articles of association, for any necessary amendments
- Signatures of all shareholders on the shareholders’ resolution
- Depending on the nature of the change, additional documents may be required, such as evidence of the new business activity
The change of company purpose may also affect the existing contributions of shareholders, particularly if new business areas are added.
A change of company purpose results in amendments to the articles of association and a new entry in the commercial register. The relevant authorities – such as the tax office and the Chamber of Commerce (IHK) – must also be informed of the change. Business partners and customers should likewise be notified of the company’s new direction in good time. Tax and legal implications may arise depending on the changed or expanded activity, which is why thorough planning is essential.
Whether the company name needs to be changed alongside a change of purpose depends on whether the existing name still fits the amended company purpose:
- No change necessary: if the existing name remains appropriate for the new purpose
- Name change required: if the existing name no longer reflects the company’s activities
- Legal requirements: any name change must comply with the applicable legal provisions