The limited liability company (LCC) is becoming more and more popular in Switzerland because of the low amount of share capital required – starting at as little as CHF 20,000. The following checklist will help you answer the most important questions about founding a LCC.
Have you budgeted for the costs incurred when setting up a LCC (entry in the commercial register, notary, contributions in kind, insurance, infrastructure, etc.)?
Have you weighed up the pros and cons of a LCC?
Have you put your business idea into writing and, ideally, drawn up a business plan?
Have you discussed with potential co-founders who will receive shares and how many?
Do you have capital of CHF 20,000.00 in a bank or in the form of a contribution in kind that you can use during the founding?
Have you sought out tax advice? Important: Although LCC companies are taxed separately, they can have certain implications on your personal taxes.
Have you found a founding platform or a notary to create the LCC? You can easily found your company online at https://www.ifj.ch/incorporate/service.
