Darstellung II

 

 

MAIN CHARACTERISTICS OF A LIMITED LIABILITY COMPANY (SOCIETE A RESPONSABILITE LIMITEE)

 

The main characteristics of an SARL are ... following :

 

1.         Incorporation

A limited liability company ... a "company formed by one ... more persons who bear losses only ... the extent of their contributions". It ... formed by ... subscription for ... entire amount of ... capital ... the adoption of by-laws by a minimum of two ... a maximum of fifty partners (associés).

The limited liability company comes into legal existence upon its registration ... the Commercial Register.

 

2.         Company name

Any name may be chosen that does not conflict with names of existing companies ... with trademarks that are registered. This name must always be preceded ... followed ... the letterheads, invoices, announcements ... all other documents emanating from ... company by ... mention of ... form of ... company as a "société à responsabilité limitée" ... "S.A.R.L.".

 

3.         By-laws

The By-laws of an SARL must state ... form of company chosen, ... company name, ... registered office, ... corporate purpose, ... amount of ... corporate capital as well as ... amount contributed by ... respective partners, ... valuation of any contributions ... kind ... the duration of ... company. ... duration may not exceed 99 years but may be extended by an extraordinary meeting of ... partners.

 

4.         Capital

The minimum capital required for an SARL is

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