A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company , with some differences from country to country. Examples include the LLC in the United States, private company limited by shares in the United Kingdom, GmbH in Germany and Austria, Besloten vennootschap (BV) in The Netherlands and Belgium, société à responsabilité limitée (SARL) in France, and sociedad de responsabilidad limitada (SRL) in the Spanish-speaking world . The benefit of having a private limited company is that there is limited liability .
44-582: (Redirected from DOO ) [REDACTED] Look up doo in Wiktionary, the free dictionary. Doo or DOO may refer to: Acronyms [ edit ] Driver-only operation , of a public transport vehicle without a conductor or guard present Društvo sa ograničenom odgovornošću - d.o.o. (d.o.o./д.о.о. or D.O.O./Д.О.О.), a type of business entity in Serbia and Croatia Društvo so ograničena odgovornost ,
88-544: A Gesellschaft mit beschränkter Haftung (GmbH) takes the role of the fully liable partner. For the purpose of taxation, the Bundesfinanzministerium (German Federal Ministry of Finance) gives detailed guidelines of the circumstances under which an LLC is to be considered to be a "corporation" or as a "limited partnership". It is useful to note, however, that the original LLC statutes of Wyoming and other US states were more or less explicitly modeled after
132-431: A Sociedade Unipessoal Limitada the same rules apply as for other Sociedades Limitadas Bulgarian legislation corresponds LLCs (Ltd, GmbH, SARL, etc.) as "Дружество с ограничена отговорност" ( Druzhestvo s ogranichena otgovornost ; company with limited liability). Companies incorporated under this structure append the cyrillic abbreviation ООД (Latin script: OOD) to their name. In the case of an LLC incorporated with
176-465: A corporation ; on the other hand it could be considered to be a kind of Kommanditgesellschaft (KG), which is the German equivalent of a limited partnership . Based on the literal translation of the word "company", an LLC should be considered to be a kind of KG without any liable partner. The German equivalent that comes closest to LLC, is GmbH & Co KG , a nested Kommanditgesellschaft (KG) where
220-655: A type of private limited company in North Macedonia Družba z omejeno odgovornostjo , a form of corporation in Slovenia; see Intercity passenger transport (LPP) People [ edit ] George Thomas Doo (1800–1886), English engraver Unui Doo (c. 1874–1940), Chinese New Zealand businesswoman and shopkeeper Rulers of the Duala people who lived on the Wouri River estuary of Cameroon: Elame
264-422: A type of private limited company in North Macedonia Družba z omejeno odgovornostjo , a form of corporation in Slovenia; see Intercity passenger transport (LPP) People [ edit ] George Thomas Doo (1800–1886), English engraver Unui Doo (c. 1874–1940), Chinese New Zealand businesswoman and shopkeeper Rulers of the Duala people who lived on the Wouri River estuary of Cameroon: Elame
308-401: A (separate from its owners) legal personality, which gives it the ability to do certain actions under law, and it is considered a "corporation". The minimum start capital is 5,000 PLN (since 2009; until then, 50,000 PLN). In Portugal, LLCs are called " Sociedades por Quotas ", that is, "company by shares", usually abbreviated Lda. . They are tax subject, and company shares cannot be sold in
352-535: A Doo , Duala ruler Priso a Doo , Duala ruler Other uses [ edit ] Doo (bird) , the dove in Scottish English Doo (film) , a 2010 Tamildod language film See also [ edit ] All pages with titles containing Doo Do (disambiguation) Doe (disambiguation) Doh (disambiguation) Doo-doo Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with
396-463: A Doo , Duala ruler Priso a Doo , Duala ruler Other uses [ edit ] Doo (bird) , the dove in Scottish English Doo (film) , a 2010 Tamildod language film See also [ edit ] All pages with titles containing Doo Do (disambiguation) Doe (disambiguation) Doh (disambiguation) Doo-doo Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with
440-512: A Russian limited liability company shares the same name with an American LLC, it is different in many ways. Most importantly, a Russian LLC is not tax transparent: the company is taxed at the corporate level, and then, upon distribution of dividends, shareholders pay income tax (personal or corporate). A limited liability company is the most popular form of legal undertaking in Russia for simple shareholding structures. The minimum capital required
484-425: A limited liability company ( Albanian : Shoqëri me përgjegjësi të kufizuar Sh.p.k ) is a commercial company founded by persons of physical or judicial status, who are not liable for the company and personally bear losses only up to the outstanding contribution agreements. Partners' contributions constitute the registered capital of a limited liability company. Each partner has his quota in the company in proportion to
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#1732779919555528-469: A minimum of ₹ 1 lakh (equivalent to ₹ 1.5 lakh or US$ 1,800 in 2023) as a subscription amount to incorporate a private limited company. A private limited company can have at most 200 members. A company with one member is referred to as a One Person Company. The Companies Act, 2013 is the regulating Act along with the Rules (Delegated Legislation), Notices, Circulars and Notifications issued by
572-1132: A new type of business organization, godo kaisha (J-LLC), a close variant of the American LLC. Japanese Tax authority does not consider J-LLC (Godo-Kaisha) a pass-through entity, but as a taxable entity. Limited liability company in Latvia is referred to as sabiedrība ar ierobežotu atbildību (SIA). SIA is taxed as a corporation. The minimum share capital required by law is €2,800. But it is allowed to set up SIA with share capital €1.00, but it must be increased to minimum share capital €2,800 by increasing share capital with money or by moving at least 25% from annual profit until capital will be €2,800. Mexican legislation contemplates LLCs as Sociedades de Responsabilidad Limitada (including Sociedades de Responsabilidad Limitada de Capital Variable ), also known for their abbreviation "S. de R.L." (or "S de R.L. de C.V.") ( limited liability company or limited liability company with/of variable capital ). S. de R.L.'s award limited liability to its members up to their contribution in
616-448: A public market, since 2006 the transference of them is not required to be done in the presence of a civil law notary , except if the company owns buildings, in the same way other major properties have to be sold. Nonetheless, the responsibility of the partners is limited to the capital share they hold, and there is no minimum capital required by law for a Lda. in excess of the minimum value of €1 per share, and thus per partner. The capital
660-436: A sole-shareholder/member (sole-ownership), this is designated and known as "Еднолично дружество с ограничена отговорност" ( Ednolichno druzhestvo s ogranichena otgovornost ; sole-ownership company with limited liability) and abbreviated as ЕООД (EOOD). The EOOD specifically, is exempted from annual, general or extraordinary meetings for making decisions and may just issue written resolutions. Colombian legislation contemplates
704-618: A very similar structure as mentioned above in the Chilean case. The Ltda. abbreviation is also used in Colombia. In Croatia, a private limited liability company is termed društvo s ograničenom odgovornošću (literal: limited liability company), abbreviated d.o.o. . A public limited liability company is termed a dioničko društvo (literal: joint stock company) abbreviated d.d. . Czech legislation contemplates LLCs as společnost s ručením omezeným ( s.r.o. or spol. s r.o. ). An s.r.o.
748-412: Is 10,000 Russian rubles . Also, the Russia have Closed Action Company - "Закрытое Акционерное Общество" 26.12.1995 N 208 - The Law of Federation "(about) Action Company" or "Joint-stock company" or "The limited liability company have stock or share" 12.26.1995 N 208, as Closed Joint-stock company and Open Joint-stock company. A Closed Joint-stock company such as a Limited Liability Company. But they have
792-535: Is abbreviated "Hf." with minimum capital of 4,000,000 kr. Almost 93 percent of the companies incorporated in India are registered as Private Limited Companies. The Ministry of Corporate Affairs is the governing body which regulates all Private Limited Companies in India. The main law regulating Private Limited Companies is the Companies Act 2013 . Prior to 2015, the shareholders (known as members) had to pay
836-406: Is no longer 200 RON, it was reduced to 1 RON which currently amounts to less than €0.2. In Russia and certain other former Soviet countries, an entity with a somewhat similar structure is known as Общество с ограниченной ответственностью (Obshchestvo s ogranichennoy otvetstvennost'yu) (lit., "company with limited liability"), usually abbreviated OOO, or in some CIS countries as OcOO. Although
880-445: Is not required to be deposited at the time of the registration of the company, instead the share holders have until 31 December of the year the registry was made. Romania recognizes the limited liability company since 1990 under the name of societate cu răspundere limitată (S.R.L.), in which the owners are personally liable for the company obligations within the limit of their contribution to social capital. The minimum start capital
924-561: Is not technically comparable to an LLC because the profits are still subject to double taxation. Czech law does not offer a possibility to start up a limited company without the possibility of avoiding double taxation. As of 2014 the liability is not limited in Czech, since managing director ( jednatel , mandatory board member in Czech LLCs) bears full liability that extends to all of his/her property, including private one. The Danish form of
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#1732779919555968-420: Is that all business income that is sourced outside of Hong Kong is tax exempt. Hungarian legislation contemplates LLCs as korlátolt felelősségű társaság . Companies working under this structure append the abbreviation Kft. to their name (spelled capitalized as part of the name). Hungarian LLCs are required to have a 3 million HUF (Hungarian forint; approx. US$ 10,000) starting capital. The time of formation by
1012-688: The kommandittselskap (KS). In a K/S there are two types of participants, one komplementar which is fully liable, and one or more kommandittist , with limited liability. There are minimum capital requirements. The KS is a tax-transparent company, which means the income "passes through" the company directly to the shareholders. In Pakistan, LLCs are known as private companies that end (Local Liability Company) with Pvt. Ltd. They should have at least Rs. 100,000 as their minimum paid up capital. The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for all listed companies to file their documents, returns, accounts and applications through
1056-548: The Trade Code (Decree Law N° 14379 of February 25, 1977), its modifications and other supplementary laws. The members participate in it through capital stakes, and their liability is limited to the value of their contributions. The number of members must be minimum 2 and maximum 25. Bosnian and Herzegovinian legislation, similarly to that in Serbia, Montenegro, North Macedonia contemplates LLCs as društvo s ograničenom odgovornošću (d.o.o.). Companies using this structure append
1100-464: The EU. The Hungarian EU-VAT reg. number starts with "HU". This way the existence of the subject company, VAT issues and the cross-check is available on the common EU website for companies. According to Icelandic legislation, there are two main types of LLC forms, private and public held limited liability forms. Private LLC is abbreviated "Ehf." The minimum capital of 500,000 Icelandic krónas (kr.). Public LLC
1144-627: The Finnish version of the LLC is the Oy ( osakeyhtiö ) or in Swedish Ab (aktiebolag). An Oy is taxed as a corporation. Since 1 July 2019, there is no minimum capital required by law. Because of its hybrid characteristics it is very difficult to determine the German equivalent. On one hand it is possible to consider it as a kind of Gesellschaft mit beschränkter Haftung (GmbH) because it has aspects of
1188-573: The GmbH. A limited liability company (LLC) in Greece is synonymous to an EPE (ΕΠΕ - Εταιρεία Περιορισμένης Ευθύνης). In Hong Kong, the Limited Company is the most commonly incorporated type of company and bears the characteristics of a Limited Liability Company. The core characteristics of a Hong Kong Limited Company include: i) it requires a minimum of one shareholder and one director (can be
1232-557: The LLC is the kommanditselskab (K/S). There is no minimum capital requirements. In a K/S there are two types of shareholders, the komplementar which is fully liable, and the kommanditist which liability is limited. The K/S is a tax-transparent company, which means the income "passes through" the company directly to the shareholders. Dominican Republic legislation contemplates LLCs as Sociedad de Responsabilidad Limitada , also known by their abbreviation S.R.L.;; S.R.L.s award limited liability to their members up to their contribution in
1276-553: The Ministry of Corporate Affairs. As of 2015, there are seven types of companies which can be registered under Iran's company registration law. One of these seven types of companies and partnerships refers to LLPs. Like many other countries, two persons are required to form an LLP in Iran. Each person has his/her own shares and is responsible for business liability equivalent to his/her share percentage. LLPs in Iran are named according to
1320-653: The abbreviation d.o.o. to their company name. A shareholder or member in a d.o.o. is only personally liable up to the value of the member's investment in the company. The corporate structure in Brazilian law most similar to the American LLC is the Sociedade Limitada ("Ltda."), under the new Brazilian Civil Code of 2002. The sociedade limitada is the new name of the sociedade por quotas de responsabilidade limitada , and it can be organized as empresária or simples , under this new code, roughly corresponding to
1364-507: The commission's eServices online filing facility, earlier, this requirement was only applicable to the companies, which had been incorporated through eServices online filing facility. There is no direct equivalent of an LLC in Peru, but some similar corporate forms include: The capital for any of the above entities is freely determined by its statutes. There is no minimum requirement except for entities with certain types of activities, mainly in
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1408-733: The company (i.e., contribution of capital) and also act as pass-through or flow-through entities whereby profits are "passed-through" to its members, avoiding double taxation. This type of company is widely used by foreign investors in Mexico because of its "pass-through" modality and its "check the box" capability under the IRC (Internal Revenue Code of the U.S.). Moldovan legislation contemplates LLCs as Societate cu Răspundere Limitată , abbreviated "S.R.L.", and are regulated member(s)-founder(s), and other non-founder members, minimum one member-founder and maximum total of 50 members, at least one of them must be
1452-403: The company (i.e., contribution of capital). This type of company began after the law number 479 of the year 2008. The Estonian version of private limited company (limited liability company) is called osaühing (OÜ). The type of entity is also required to be identified in the name. An OÜ is taxed as a corporation. The minimum capital required by law is €2,500. Although not an exact equivalent,
1496-436: The company. The equity is divided into equal stakes (can not be called "shares"), each one of which represents a percentage of the company and that can not be traded on the stock exchange. Their by-laws are regulated by law N° 19550 and the commercial partnership is limited to a maximum of 50 partners. In Bolivia, the LLC variant is called Sociedad de Responsabilidad Limitada (S.R.L.). These companies' legal framework consist in
1540-509: The contribution of the capital so the registered capital of the company is divided between the partners based on the proportional ratio of their contribution. In Albania a limited liability company may not have a capital of less than 100 lek . Although not an exact equivalent, the Argentine variant of the LLC is called Sociedad de Responsabilidad Limitada (S.R.L.) and it limits the liability of its members up to their capital contribution in
1584-494: The financial markets, and then irrespective of their type. In Poland, a limited liability company is referred to literally as "company with limited liability" ( spółka z ograniczoną odpowiedzialnością ), legally abbreviated as sp. z o.o. (or sometimes Sp. z o.o. in particular names). Informally, in the Polish speaking slang, it is abbreviated as spółka zoo (pronounced with a long "o", as in "tow."). However, sp. z o.o. has
1628-570: The form types of comercial ("commercial") and civil ("non commercial") of the Commercial Code. A new law in Brazil has made it legal to obtain an LLC by a sole-proprietor in two forms: Empresa Individual de Responsabilidade Limitada ( Eireli for short), or Sociedade Unipessoal Limitada ("Ltda."). The main requirement for an Eireli is a capital of 100 times the current minimum wage , R$ 78.800,00 (US$ 26.267.00) as of 2015; whereas for
1672-541: The format illustrated by the following example: "Sherkat Ba Masooliyate Mahdood" translates as "Sherkat شرکت Company" + "Mahdood محدود Limited" + "Masooliyat مسئولیت Liability". The Italian Civil Code , approved in 1942 and as amended by the Government Act 6/2003 and furthers modifications, mainly provides three forms of limited liability company: Companies append the corresponding abbreviation to their company names. Japan passed legislation in 1996 creating
1716-400: The founder of the company, but all of the 50 could be also founders. Macedonian legislation contemplates LLCs as Друштво со ограничена одговорност ( Drushtvo so ogranichena odgovornost ). Companies working under this structure append the abbreviation д.о.о. ( d.o.o. ) to their name. The minimum required starting capital for a d.o.o. is €5,000. In Norway, the closest to an LLC is probably
1760-427: The 💕 [REDACTED] Look up doo in Wiktionary, the free dictionary. Doo or DOO may refer to: Acronyms [ edit ] Driver-only operation , of a public transport vehicle without a conductor or guard present Društvo sa ograničenom odgovornošću - d.o.o. (d.o.o./д.о.о. or D.O.O./Д.О.О.), a type of business entity in Serbia and Croatia Društvo so ograničena odgovornost ,
1804-520: The new electronic formation option has been reduced from 2 weeks to 2 hours, additional cost of formation is around 100,000 HUF (approx. US$ 340). Kft.s can be formed by the cooperation of lawyers. The Hungarian kft. is the most common form of doing business in Hungary. As being part of the European Union (EU), Hungarian kft.s can now obtain an EU VAT registration number for doing business across
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1848-562: The same person), ii) a Hong Kong company requires a company secretary resident in HK, iii) foreign ownership is allowed, iv) company shareholders have limited liability and v) the company must have registered HK address. Entrepreneurs who register a company in Hong Kong can choose a Hong Kong offshore company . This company structure is basically a HK Limited Company but all business is conducted outside of Hong Kong. The advantage of this structure
1892-443: The title Doo . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Doo&oldid=1239812906 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages doo From Misplaced Pages,
1936-550: The title Doo . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Doo&oldid=1239812906 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Dru%C5%A1tvo sa ograni%C4%8Denom odgovorno%C5%A1%C4%87u - d.o.o. (OPC) (SMC-Pvt.) Limited (may vary by state) In Albania,
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