The Board of Directors as a corporate body is widely represented in joint-stock companies, while in limited liability companies it can be rarely seen. The main reason is the peculiarities of the legal form. An LLC is, first and foremost, a company for the personal participation of owners, while the joint-stock companies combine capital. It is indirect participation in the activities of a joint stock company that requires a collegial body to represent and protect the interests of all shareholders, which is the Board of Directors. However, do not underestimate the opportunities offered to the owner by including the Board of Directors in the organizational structure of the LLC. Its advantages are as follows: Continue reading
1. The need for all entities of the group of companies in common for all auxiliary functions:
accounting, legal, marketing and other services, the provision of which by employees of a specialized organization is organizational and economically more profitable than the creation of similar full-time services in each individual company.
Most often, managed legal entities have neither their own lawyer, nor accountant, nor system administrator – all this is done by the personnel of the management company. Objectively, not every business is able to draw such staff in each individual organization of the Group. Continue reading