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COMMERCIAL LAW
119
Conclusion
The establishment of a limited liability company is now easier and
more efficient under the TCC since it is possible to incorporate a sole
shareholder limited liability company and the necessary minimum capital
has been lowered. Subsequent to the crystallization of the trade name,
consensus on the articles of association of the company and determination
of the capital and structure of the company, the required documentation
may be prepared. These documents shall be delivered to the relevant
trade registry where they will be scrutinized. If no changes or additional
documentation is required, the company shall be registered and therefore
established.