The difference between a limited liability company and a one person company
capital :
In a limited liability company (LLC), the capital of the company mentioned in the commercial register is not deposited in the bank. As for the one-person company, the capital mentioned in the commercial register is fully deposited in the bank until the commercial register is extracted.
notice In the capital in limited liability companies: the first time the company was established, the capital was not deposited in any bank, but in the event of an increase in the company’s capital, the increased amount is deposited
Example: When establishing a company LLC with a capital of 100,000 thousand pounds, no deposits are made, and when the company's capital is increased to 250,000, for example, 150,000 thousand pounds are deposited, the amount of the increase, and it is returned after completing the capital amendment and noting it in the commercial register
taxes :
In limited liability companies and one-person companies, they are subject to the same tax treatment 22,5%
powers
In LLC companies, a manager must be appointed who has the right to manage, sign and deal in the name of the company.
As for the one-person company, all the full powers belong to the owner of the company only
notice In management and signature: In limited liability companies, there are at least two partners, and there must be at least one of them who has the right to manage and sign, and it is possible that the two partners have the right to manage and sign,,
And the right to manage and sign is jointly only or jointly and individually
In the event that the right to manage and sign together, the two partners must be present together in everything and in any signature related to the fate of the company or cashing checks, for example,
Either in the case of both jointly or individually, in this case it is permissible for one partner to replace the other without requiring the presence of the two partners together,,,
As for a one-person company owned by one person, he has all the powers and the right to everything without any partners in making any decision related to the fate of the company.
Number of partners:
In the LLC companies, the minimum number has two individuals and the largest number is 50 individuals. As for the one-person company, it is for one person without any partners.
Conversion of legal form:
LLC companies can be converted to a single person or a joint stock company, and a single person company can also be converted to a LLC or a joint stock company, but the difference is in the transfer procedures
Company adjustments
In LLC companies, the amendment is made through an extraordinary general assembly. As for the one-person company, the amendment is made by an administrative decision from the owner of the company approved by the Investment Authority.
notebooks:
In LLC companies, it will be in the daily book and the inventory book. As for the one-person company, the quota book will be added to these books, and the cycle of recording the transfer of shares between partners and the redistribution of capital will be recorded in the quota book.
