Limited Liability Companies (LLCs)

Question 1

Limited Liability Companies (LLCs)

Answer 1

Companies where liability is limited to contributions made to the capital.

Question 2

Shares

Answer 2

are not freely transferable (restricted by law or contract).

Question 3

Minimum capital

Answer 3

is lower

Question 4

compared to JSCs.

Answer 4

Fewer formalities and simpler governance

Question 5

Management

Answer 5

often managed by a single administrator or a small board.

Question 6

Use Case

Answer 6

Ideal for small-to-medium enterprises (SMEs).