Limited Liability Companies
Their Mixed Nature.
Evidence on its Personal Nature
The number of partners is limited
(minimum: 2 maximum: 50 )
Partners usually have strong relationships between them OR at least they are acquaintances
Contributions of partner
Management of a J.S.C (part 3 General Assembly)
How it starts?
Through an invitation (specifying the timing and venue of the meeting)
Board of Directors invite the G.A to meet at least once a year
BUT, auditor may invite the General Assembly to
Management of a J.S.C (part 1 - B.O.D)
Management of Limited Liability Companies.
1. General Assembly (part-holders)
2. Manager (s)
3. Supervisory Council
Management of the J.S.C
1. General Assembly (share-holders)
2. Board of Directors (discuss
Management of J.S.C (part 2 - The Auditor)
Number: 1 (or) more auditor
Who appoints them?
First auditor(s) is appointed by the founders (in the founders' G.A) and shall remain in position
until the 2nd G.A is held
Afterwards, later auditors are appointed
Joint Stock Companies
The nature of J.S.C
Joint Stock Companies (J.S.C) examples of Capital Companies
Capital companies are those companies based on capital considerations (no personal
considerations are involved)
Capital of such companies is a
Distr ibut ion of Dividends
The profits distributed to the shareholders represent the net profit achieved by the
company in a certain fiscal year after deducing from it, the expe ns es, and the various
financial bur de ns , from the gross revenu e.