Voice for Business

Limited Liability Company LLC:
Definition:

It is a company that lies between a partnership in the sense that the shareholders hold shares (not stocks) and a limited company (SA) because the liability of partners may not exceed the value of their contributions in the capital.

Shareholders: The minimum number is 2 or 1 (single shareholder) the maximum is 50
Minimum share capital: 10.000 DH, consisting of shares worth a minimum of 10 DH
The shares must be subscribed in full.
The shares representing an interest in cash may be paid only a quarter.
A period of 5 years from the date of registration is granted for the release of uncalled capital by a simple decision of the management.
The shares can not be represented by negotiable instruments.
Stewardship: The LLC may be managed by one or more directors chosen from members or third parties unconnected with the company.
Civil liability and / or criminally liable.
Disclaimer: Limited to contributions of members. In case of a contribution in kind, the partners are jointly liable for the value attributed to these contributions.
The auditor: Required when the turnover exceeds 50 million dirhams (5 million).
Notice of constitution must be made within 30 days after registration of the company in the Trade Register and must include the trade register number

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