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ALTON assists its clients in setting up Limited Liability Companies (LLCs) and Corporations. Which of the two types of companies is the best to incorporate? A general answer to this question is certainly not possible. The selection of the appropriate legal form depends on the individual start-up project or projects. To provide a basis for a good decision, for comparison, we consider here again, by comparison, the aspects of both types. On its own, those listed on the "Advantages and Disadvantages" page are provided to give entrepreneurs some of the individual characteristics.
| Corporation | LLC |
Organs of the Enterprise: | Board of Directors, | optionally Member-Meeting |
Formation with a single person possible: | Yes | Yes |
Comparable with: | Foreign Corporation | Foreign Limited Liability Company |
Capable of Action in foreign country: | Yes | Yes |
Company is a: | Corporate enterprise | Sole proprietorship or corporate enterprise |
Enduration of company on absense of a member: | Yes | Only if agreed on member agreement |
Acquisition of bonded capital: | Possible through issuance of shares | Possible through issuance of member certificates |
Limitation of liability for entrepreneur: | Yes | Yes |
Verifiable share capital: | Not essential | Not essential |
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Support on company contracts are available. Registration was very fast and uncomplicated, the ongoing obligations regarding the company division registry are supported, all in all, everything is uncomplicated and fully recommended. - Michael Claar (AdBlue Finance)
