Simplified Joint-Stock 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
President.
Optionally, the partners may also appoint a General Manager and Deputy General Managers.
Also, the associates have the faculty to appoint an administration committee with the most extensive powers as for the administration of the company
Mandatory when more than 50% of the share capital is held by a legal entity
Corporate tax (I.S.)
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