Short answer
LLC is a limited liability company. The partners are not personally liable for its obligations, and the minimum capital is 100 lek, pursuant to Articles 68 and 70 of Law No. 9901/2008.
Verified on from Andi Haxhillari, Certified Accountant. Compared with Articles 68 and 70 of Law No. 9901/2008, Articles 43 and 55 of Law No. 9723/2007, and Articles 24 and 69 of Law No. 29/2023.
LLC is the recommended form when the business carries financial risks, has multiple partners, or aims for growth. Partners are not personally liable for the company's obligations.
What is a LLC, how do the partners, the assembly, and the manager function? Advantages and disadvantages.
Read →Steps on e-Albania, the statute, the founding act, the documents, and what to do after receiving the NIPT.
Read →How to change the administrator, capital, partners, address, or activity of an LLC at the QKB.
Read →Mergers, divisions, and transformations of business entities: procedures and legal requirements.
Read →Closure of the LLC: causes of dissolution, liquidation procedure, and the role of the Tax Administration.
Read →AlProfit Consult manages the entire process: from initial consultation and preparing the articles of association to the application and post-registration procedures.
