In general terms, and this is subject to exception, the liability of any shareholder in a Soci?t? Anonyme or Soci?t? ? Responsabilit? Limit?e is limited to the monetary amount of his initial shareholding therein.

Except in specific and exceptional circumstances, such as wilful misconduct, negligence or the commission of a criminal offence, e.g. misappropriation of company funds, the liability of an Administrateur of an S.A.or an S.A.R.L. is limited to the amount of his shareholding in the company.

Like a Corporation, an LLC offers limited liability to its owners. Unlike a Corporation, however, an LLC is taxed as a Partnership or Sole Proprietorship (unless the LLC elects to be taxed as a Corporation). This allows an LLC to pass all its income and losses through to the owners. Furthermore, the LLC has an advantage over a C-Corporation which makes an S-Corporation tax election because the S-Corporation can only have 100 stockholders and the stockholders cannot be Corporations or non-U.S.

If your business is active, you are required to register. All company shareholders who are actively working in your business are considered to be workers under the Workers Compensation Act and are covered under your company's WorkSafeBC account.

Yes. Proprietors who wish to hold the entire share capital can do so by forming a "Single Member Company".

No, shareholder concessions are not considered appropriate or relevant for a business such as Wincanton that does not provide a service directly to the general public

Yes. A board resolution must be drafted and signed by the director(s) of the company and officially filed with the company registry in the country of incorporation. The new shareholder(s) must provide a copy of their passport, proof of permanent home address, telephone/fax number and email address together with a signed letter stating that they wish to become a shareholder of the company.

No, the Company may unilaterally cancel insurance coverage of a shareholder and its insured members, and the shareholder becomes a withdrawing shareholder at the end of three years.

A limited liability company (LLC) is a sort of hybrid form between a partnership and an S corporation ? it has the liability protection of a corporation, with the advantage of being treated as a partnership. All profits and losses flow through to the individual owners' income tax forms. An LLC is simpler to establish and maintain than a corporation. A Certificate of Organization and a docketing statement must be filed with the state. This is a popular form for many new small businesses.

The reasons for incorporating a limited liability company are varied, for example, it could involve ownership of a property, obtaining investment funds, taxation or contractual relationships. Many businesses function satisfactorily as sole traders or partnerships however their personal assets are at risk in the event of a failure.

Two organizational structures exist of a limited liability company - a manager management and member management. In member management, all members share in the operation of the company, where as in the manager management, the members put a manager in charge of the company.

You can start the process of forming your Limited Liability Company from the home page of the Express Biz website. It's simple, quick and painless! All the paperwork, legal documentation, payment of government fees and (if you want) IRD & GST registration is done for you by Express Biz. Your business will be up and running, with all the correct documentation to make it legal, in as little as 24 hours.