The difference between limited liability companies and joint stock companies
In terms of the name of the company and the certificate of non-confusion:
In self-liability limited companies (LLC), a certificate of non-ambiguity is presented during incorporation.
In joint stock companies (LLC), the certificate must be made before incorporation due to the deposit of the bank certificate
In terms of depositing capital in the bank:
In limited liability companies (LLC), there is no deposit of capital in the bank with a bank certificate.
As for the joint stock companies (LLC), a deposit must be made with the capital at 10% of the total capital with a bank certificate immediately after receiving the certificate of non-ambiguity
In terms of the number of partners:
For limited liability companies (LLC), the minimum number of partners is 2 and the maximum number is 50 individuals.
As for the joint stock companies (LLC), there is no maximum limit and the minimum limit is 3 partners.
In terms of capital:
For limited liability companies (LLC), the minimum capital is 1,000 EGP, and the capital is divided into shares.
As for the joint stock companies (LLC), the minimum capital is 250,000 thousand, and the capital is divided into shares, not shares.
For the board of directors:
In self-liability limited companies (LLC), there is no board of directors, and there is a manager or managers for the company with specific powers specified in the company’s memorandum of association.
As for the joint-stock companies (LLC), there is a board of directors of not less than 3 individuals (chairman of the board of directors, managing director, member of the board of directors, then the partners, if any, after the formation of the board of directors).
And note that after the establishment of joint stock companies, there will be a constituent assembly in which the powers of the chairman of the board of directors and the managing director are determined
For government employees and their eligibility to enter the company:
In self-limited limited companies (LLC), employees are not allowed to join the company as managers or even as mere partners without entering into management.
In joint-stock companies, a government employee may enter as a shareholder and not as a partner or in the board of directors
Central preservation procedures:
In the limited liability companies (LLC), there are no procedures for keeping records.
As for the joint-stock companies (LLC), there are procedures for central custody of shares and publication in the newspaper
(Stocks - Securities Company - Central Preservation Procedures - Publication in two widely circulated newspapers)
For taxes:
Joint-stock companies and self-limited limited liability companies the same tax accounting 22,5 %
With regard to the entry and exit of a partner or the transfer of stakes or shares:
In limited liability companies (LLC), the transfer of shares is carried out by a customary contract approved by the Investment Authority and submitted to the Extraordinary General Assembly.
As for the joint stock companies (LLC), the securities company must enter as an intermediary for the transfer of shares
