Liberia - Company Incorporation

map of liberia

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., etc.). Names may be reserved in advance of formation for up to six months for Corporations and three months for LLC’s.

Number of Directors

Liberian corporations must specify the initial number of directors. 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. For example, if there are two shareholders, there must be at least two directors.

Share Structure of the Corporation

Shares may be issued either in registered or bearer form, or some combination of both shares may be 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.

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.

Number of Members Liberian LLC’s must specify one or more members at formation.

After formation, a person acquiring a LLC interest is admitted as a Member at the time provided in and upon compliance with the LLC Agreement or, if the LLC Agreement does not so provide, upon the consent of all Members and when the person’s admission is reflected in the records of the LLC.

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