Sole Corporation “S-Corp”


Ownership:

  Owned by one individual or legal entity (LLC-JSC).

Name:

§  Company’s name may include the name of the S-Corp owner.

Capital:

§  At least EGP 50,000 and should be paid in full upon the incorporation.

Management:

§  Manage by one or more managers (at least one Egyptian manager)

§  OGM and EGM (same as the LLC)

Liability:

§  Liability of the S-Corp owner is limited to payment of the capital, he/she is not liable for the company’s debt except for the amount which he/she paid in the company’s capital.

 


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