p  Home   p  About us   p  Mission Statement  p  Group Structure   p  Our Services   p  Our Products   p  Mauritius   p  Contact us

p Our Products

6. Limited Life Company (LLC)

A Global Business Company may apply to the Registrar of Companies either at the time of incorporation, continuation or after to be designated as a LLC. A GBC2 may also be registered as a LLC. LLC’s guarantee members liability and provide a “partnership” (or look through) Income Tax Treatment.

6.1 Characteristics

·         Duration limited to 50 years with the possibility of extension to a maximum of 150 years

·         Limitation on transfer of Shares or other interests in the Company unless by unanimous Shareholders resolution

·         Management of the Company by its member(s) or a Manager

·         Dissolution of the Company upon death, insanity, bankruptcy, expulsion, cessation or dissolution of a member

[Back to main products page]

© 2007 Inter-Ocean Management Limited l A division of the Inter-Ocean Group l Disclaimer l Web design by The Chameleon Group