Within the limits of their shares, LLC participants will receive dividends and bear the risk of losses. Consequently, the participants of the company risk only that they contributed to the authorized capital – this is the essence of the term “limited liability. For the obligations of the company, its members are not liable.
50 people – the maximum number of participants in a limited liability company. If this number is exceeded, the law requires that the organization be transformed into a joint stock company within a year. Continue reading