Wednesday, March 23, 2016

Ukrainian Business Law (Basic): Part III "SET UP LIMITED LIABILITY COMPANY"

A limited liability company is a company established by one or a few persons, the charter capital of which shall be divided into shares of the amount specified by the Charter.
Members of a limited liability company shall be not liable for its obligations and bear risks of loss connected with the company activity within their contribution value.
The name of a limited liability company should include the company’s name and the words “limited liability company”. 
A person may become a member of only one limited liability company consisting of one member.

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