Liberia - LLC Company Incorporation

Company Type	Time to Incorporate	Cost
LLC	1 day	£1260

Company formation procedures for Liberia

Liberian corporations, LLC’s, are easily incorporated. The use of standard articles of incorporation and certificates of formation and other organisational documents facilitate the formation process so that a company can be incorporated in only one day.

Choosing a company name

Names may be in any language as long as Roman characters are used. When naming a corporation, any standard corporate suffix is acceptable (Inc., Ltd., Corp...). Company names may be reserved in advance of formation for up to 60 days.

Directors and Shareholders

Liberian corporations only require 1 director. However, if there are three or more shareholders, there must be at least three directors. If there are less than three shareholders, then the number of directors must at least equal the number of shareholders. Liberian LLC’s must specify one or more shareholders at the point of formation. After formation, a person acquiring an LLC interest is admitted as a Member at the time provided it is in compliance with the LLC Agreement or, if the LLC Agreement does not so provide, upon the consent of all shareholder. The admittance must be reflected in the companies records.

Share Structure of the Corporation

Liberian corporations can be incorporated with registered or bearer shares, or a combination of both with the facility to change from one to the other. Shares may be of par or no par value. Par value shares may be denominated in any currency. A standard formation is 500 registered and/or bearer shares without par value or US$50,000 of par value stock. If the capital structure is more than 500 Shares without Par Value, or has a total value of more than US$50,000.00, the formation cost will increase.

Organisational Activity

If instructed at time of incorporation, we will take the following action at no additional cost:

• Elect client directors.
• Appoint client officers.
• Adopt bylaws.

LLC Operating Agreement

Upon instruction, LISCR’s nominees can adopt a standard operating agreement for a new LLC. Unlike the Certificate of Formation, the operating agreement is usually maintained internally but may be publicly filed if requested

Tax status

Liberia non-resident companies are not taxed on income coming from outside Liberia. You need to ensure Liberian residents do not have a significant beneficial interest in your company to preserve the non-resident status.