As we addressed the question in French in our previous article, let’s now continue in English.

A limited liability company (“LLC”) or private limited company (“société à responsabilité limitée”) has three main features:

1. The LLC is the company in which a limited number of partners contribute a determined amount; 

2. The partners’ corporate units of the LLC are exclusively represented by non-negotiable financial securities; and

3. These financial securities may be transferred only in accordance with the law.
   

References: Article 710-1(1) of the law of 10 August 1915 on commercial companies as amended; Qu’est-ce qu’une société à responsabilité limitée? - #314-303* , December 1, 2020, Bertrand Mariaux.

*Podcast #315:

*YouTube Video 304|: 

Contributor: Cédric Buisine, Avocat

Editor: Hannah Seulgee Jung

Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)

Prestation de serment (Swearing-in oath): Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master in European & International Law - major in economics, 2008), certified Expert in Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)