A limited liability company (LLC) is a flexible form of enterprise that blends elements of partnerships and corporate structures. Under the Civil Code, a limited liability company is established by one, or several people and the capital is divided into shares.
The company is taxed at the corporate level, and then, upon the distribution of dividends, shareholders pay INCOME tax (personal or corporate). A limited liability company is the most popular form of legal undertaking in Russia for simple shareholding structures.
The liability of each participant in LLC is limited to the value of his/her share in the charter capital. There cannot be more then 50 participants. The minimum charter capital of a limited liability company is 330 $.
