Forms of the Deal: Assets or Shares
Buying and selling gambling assets can be built on two different legal trajectories. The first is a share deal, where you acquire the company holding the permit: under Article 141 of the Law of Georgia on Entrepreneurs, a partner of a limited liability company may transfer — alienate or encumber — his share without the consent of the company and of the other partners. Such a restriction may be imposed or amended only with the consent of every partner it affects. An agreement on the transfer of a share must be concluded in writing, the partner must notify the company immediately upon conclusion, and the transfer takes effect at the moment the registering authority registers the share in the name of the new partner.
The second trajectory is reorganisation: under Article 59, an entrepreneurial society may be reorganised through transformation, through merger — accession or consolidation — or through division, by split or by separation. Each form has its own field of application, and the choice is determined by what you are buying — the whole business or its separated part.