Limited Liability Company
A limited liability company (LLC) is a business structure in the U.S. that protects the assets of its owners from lawsuits and creditors concerned with the company's business debts.
Specifications
No minimum share capital 150 000
One or more Managers
Optional at incorporation
Corporate Tax (I.S).
However, if the sole shareholder is an individual, he can opt for the Income Tax (I.R).
Documents to be provided for the creation
- The record of the country of origin of less than 3 months
- The photocopy of the identity card of the partners
- The articles of association, the minutes of incorporation and the declaration of conformity are established by the notary
- It should be noted that the evaluation of the contributions in kind for SARLs and SAs must be made by a contribution auditor chosen from the list of auditors. For the SA, the recourse to the auditor for the evaluation of the contributions in kind is compulsory whatever their value.
- For the SARL, only contributions with a value of more than five million francs must be evaluated by a contribution auditor.
- The capital must be deposited with a notary
- The establishment of the articles of association at the notary's office and the deposit of the capital.
- The articles of association must be signed by all the founding partners or their proxies who can prove that they have the power to do so.
Documents received after creation
- Articles of association and declaration of regularity and conformity
- Registration in the Trade and Personal Property Credit Register (RCCM)
- Registration with NINEA
- Declaration of existence
- Declaration of establishment
- Published in the Senegalese journal of legal notices