Limited Liability Company (LLC)

The easiest, most flexible way to launch your business

  • Shield your personal assets from business liabilities.
  • The flexibility to run your business as you wish.

Over the past few years, we have been helping lots of people launch their businesses. Our professional team will be there to support you throughout the lifetime of your business.

Frequently Asked Questions:

What's LLC?
A limited liability company, or LLC, is a business entity created under law that combines characteristics of both a corporation and a partnership. Like a corporation, the owners of an LLC are generally not personally liable for company debts. Like a sole proprietorship or a partnership, an LLC has operating flexibility and is, by default, a "pass through" entity for tax purposes. This means that the LLC does not pay taxes on its profits, but instead, profits and losses are "passed through" to the owners, who must then pay tax on their share of LLC income.
Does an LLC need to hold formal meetings? 
The answer is usually no, unless the LLC's operating agreement requires meetings. This is one of the key advantages of an LLC - fewer formalities. This means less paperwork and less chance that the members will accidentally violate the law and possibly lose their liability protection.
Is an LLC right for me?

It depends on many factors. You can talk to our professional team to help you decide.

How are LLCs taxed?
LLCs have flexibility in how they are taxed. Depending on how many members it has and the tax treatment its owner selects, an LLC can be taxed as a corporation, a partnership, or a sole proprietorship. An LLC with two or more members is automatically taxed as a partnership, and an LLC with only one owner as a sole proprietorship, unless the company files documents with the GRA requesting a different tax treatment.

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+233 289764793 or +233 302544584