Llc Vs Establishment Differences

Summary

In Saudi Arabia, an LLC offers limited liability and can have multiple owners, while an establishment has unlimited liability and is usually owned by one person. LLCs require minimum capital, unlike establishments. LLC bylaws, part of the Articles of Association, include company name, purpose, capital structure, management, meetings, and profit distribution. Consulting a legal expert in Saudi Arabia is advisable for detailed bylaws.

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can you show me the bylaws of an llc in saudi arabia
In Saudi Arabia, the bylaws of an LLC are part of the Articles of Association. Here are some key aspects typically included:
- Company Name and Address: Details of the LLC's name and registered address.
- Purpose: Business activities the LLC is authorized to conduct.
- Capital Structure: Information about the share capital and distribution.
- Management: Roles and responsibilities of managers or directors.
- Meetings: Procedures for holding shareholder meetings.
- Profit Distribution: How profits and losses are shared among partners.
For a complete and specific set of bylaws, consulting a legal expert in Saudi Arabia is recommended.