Company Formation · The most common form for partnerships
Limited Liability Company (LLC)
The best fit for most small and medium partnerships: two to fifty partners, each liable up to their share of the capital, with flexible management and profit distribution.
At a glance
- Partners
- 2 to 50 partners
- Liability
- Up to each partner's share
- Management
- One or more managers, partners or not
- Shares
- Not offered for public subscription
Suits
- Two or more partners starting a joint business
- Family businesses
- Medium-sized trading and service businesses
Advantages
- Protects partners' personal assets
- Flexible management and profit-sharing through the memorandum
- Simpler procedures than a joint stock company
Keep in mind
- Shares cannot be offered to the public
- Share transfers are restricted and partners have pre-emption rights
Formation steps with us
- 1
First consultation
We understand your plan and set out requirements and timeline.
- 2
Choosing the entity
We compare legal forms and recommend the best fit.
- 3
Trade name
We check the proposed name and follow its approval.
- 4
Memorandum
We draft the founding contract to protect every partner.
- 5
Registration
Commercial Registry entry and tax registration.
- 6
After formation
Contracts, amendments, investor residency and ongoing support.
Questions about Limited Liability Company (LLC)
Requirements vary by entity and activity; we send the exact list for your case after the first consultation.
What are the key clauses of an LLC memorandum?
Share allocation, manager powers, profit and loss distribution, and rules for share transfers and partner exits. Drafting them precisely prevents most later disputes.
Can the manager be a non-partner?
Yes. A manager may be appointed from the partners or from outside, as the memorandum provides.
Can a new partner join after formation?
Yes, through a share transfer or capital increase and an amendment of the memorandum. We handle the whole process.
Ready to form your company?
Book your first consultation and we will send you the proposed entity, required documents and expected timeline.