Is it possible to form authorized capital with property (goods/real estate, etc.)?

However, there are some limitations:

• Firstly, the minimum amount of authorized capital must be paid in cash (for most OOO - 10,000 rubles);
• Secondly, the valuation of the property should be carried out by an independent appraiser (regardless of the value of the property).

It should also be noted that the shareholders have the right to adjust the value of the property contributed to the Company's share capital, but only downwards. If it is established that the value of property was overestimated, the shareholders of the Company and the appraiser are jointly and severally liable for the obligations within the limits of the overestimated amount within 5 (five) years from the date of establishment of the Company (or after registration of amendments).