Limited Liability Company
• Company Formation
The most widely used form, and the one that most needs early structuring
The limited liability company is the natural choice for most small and medium-sized businesses: a limited number of partners, and liability that is, in principle, limited to the value of each partner’s shares. A simple form does not mean simple decisions. The share split, the manager’s powers and the rules for partners joining or leaving are settled in the articles of association, and their effect shows at the first dispute or the first investor.
• When does this form fit?
- A venture starting with two or more partners, with no plan to offer ownership for trading.
- Partners who want to separate their personal assets from the company’s obligations.
- A commercial or service activity that does not require a different legal form.
- Partners who want flexible management, by a partner or by an outside manager.
• What our support covers
How we handle the file
- Reviewing the activity and confirming it can be carried out in this form.
- Structuring the share split, management and share-transfer rules before drafting.
- Drafting articles of association that reflect what the partners actually agreed.
- Following up incorporation until the commercial register and tax card are issued.
- Arranging what follows: the bank account and the registrations the activity requires.
• Documents
What incorporation usually requires
- Partners’ details and identity documents.
- The proposed trade name and its availability check.
- The activity, capital and share split.
- The manager or managers and their powers.
- A document for the registered office.
Documents vary with the partners’ nationalities, the activity and the competent authority; we confirm the final list after reviewing your case.
• Common pitfalls
What can delay the file?
Splitting shares without first agreeing management powers and how decisions are made.
Standard articles that do not deal with a new partner joining or an existing partner leaving.
An activity worded in a way that does not cover what the company will actually do.
Treating incorporation as the end of the process and overlooking later licences and registrations.
• FAQ
Questions we often hear before incorporation
How many partners can an LLC have?
At least two and no more than fifty, under Companies Law No. 159 of 1981.
Must the manager be a partner?
No. The manager may be a partner or a non-partner, as set out in the articles of association.
Does it suit every activity?
No. Some activities cannot be carried out in this form, and others need a prior licence, so we review the activity first.
• Related routes
Your file may also involve
• Your next step
Forming a limited liability company with your partners?
Send us your project details; our team will review them and contact you about the next step.
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