A Limited Liability Company (LLC) is comprised of a corporate structure whereby the members or partners of the company cannot be held liable for the company’s debts or liabilities. Business owners will have a limited liability and will be directly proportional to the amount in shares that they own on the partnership. Limited liability (LLC´s), With in the main and most important characteristics of the Limited liability company is that it combines characteristics of a corporation and a partnership or sole proprietorship, thus being organized as a hybrid corporate structure. Thus the responsibility of the partners is restricted to the amount of capital provided to the LLC.
The LLC´s are structured in a manner the combines relevant characteristics of corporations together to private investment in partnership of its partners.
Asset Protection. LLCs provide limited liability protection to their partners / owners or members as they are also called. Members are typically not personally responsible for the business activities and debts or liabilities of the LLC. LLC´s creditors cannot pursue personal assets of partner
Panama Limited Liability Companies (LLC´s) are regulated by Law 24 of 1996.
Panama LLC´s can be incorporated by any interested person and don’t have nationality constraints nor limitations.