Recent legislative development in Azerbaijan regarding registration of legal entities Best law firms in baku (companies) made the entrepreneurial environment attractive to initiate the business. According to the World Bank Doing Business Report 2018, Azerbaijan has ranked among the top 20 countries in the world for under starting business category. This positive trend has been kept and even advanced in Doing Business Reports of 2019 and 2020. Currently, available business opportunities in Azerbaijan tied with flexible and modern regulations make it attractive to foreign businesses and investors. However, any haphazard decision without professional consultancy in the business opening and running could cause potential problems in the future. Therefore, choosing the optimal form of a business corporation to start with and asset management at the end has been an emerging issue and asks for a consultation to save the costs in the best legal way possible.