This type of structure is one of the most popular legal entities and is usually used for privately owned small and medium-sized enterprises. Before choosing this type of business structure, investors should take into account that there are certain aspects that make it less flexible than a public limited company. For example, neither convertible bonds nor certificates of profit cannot be issued, nor can interim dividends be paid. Typically, the main benefits of PLLC are as follows:
Only two people are required to register it (there is also an exception when only one person is needed); The owners of the company are only responsible for the amount they actually contributed; Relatively small minimum capital. The required minimum capital is € 18,550; it must be submitted by the founders of the company, who can be individuals or companies, Belgian citizens or non-citizens, and residents or non-residents of the country. Each share issued must be paid at least 20% prior to registration and the minimum amount is € 6,200. If the company has only one founder, a minimum deposit of 12,400 euros is required. All shares of this company are registered and must be registered in the register of shareholders. There are certain restrictions on the transfer of shares.
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