TOKYO, Japan - nvtip -- A Godo Kaisha, commonly abbreviated GK, is defined under the "Companies Act of Japan." GK is a comparatively new type of company introduced in the Companies Act of Japan" in May-2006.

GK is similar to the UK's Private Limited Company (Ltd) or the American Limited Liability Company (LLC).

A Godo Kaisha can be registered in the English alphabet, i.e., ABC Consulting "合同会社" ("Godo Kaisha") must be registered in the Japanese kanji characters.

Promoters/Investors in GK are called "Members" (社員, shain), and each member provides a capital/equity contribution. Members(investors) of a GK have limited liability, similar to a Kabushiki Kaisha(KK) shareholders.

Each member's liability to the company is limited to their invested amount.

More on nvtip.com

• Paul E. Saperstein Co. Announces Geographic Expansion of Auction Services
• Florida Broker Bent Danholm Featured in the Daily Mail's U.S. Real Estate Coverage
• Robin Launches Legal Intelligence Platform to solve intelligence gap in Fortune 500 legal teams
• Melissa B. Releases Digitally Independent: Empowering Music Artists with AI and Brand Strategy
• Consumer Accountability Alliance Issues Formal Notice Alleging Proximate Liability for Medical Harm

A foreign entrepreneur or a corporation can register a Godo Kaisha (GK) in Japan without a "Local Resident in Japan" under the amendment in the Companies Act introduced in March-2015.

The features of Godo Kaisha (GK)/Limited Liability Company(LLC) at a glance:

• Capital:  1(one) yen or more
• Members(Promoters/Investors): 1(one) or more
• Corporation as a Member: Possible
• Liability of Member: Limited to the amount of investment/equity participation
• Executive Manager(Director): 1(one) or more. In principle, all Members are Executive Manager, but maybe stipulated otherwise in "Articles of Association." The Executive Manager (gyōmu shikkō shain) can be either an Individual or a Corporation. In the case of the Corporation, it must appoint at least one functional manager (shokumu shikkō sha) to perform the actual management duties. The role is similar to the responsibilities of Directors in KK
• Legally stipulated term of office of Executive Manager: No legally defined term
• Transfer of equity(share): Unanimous consent of members (equity holders) is required
• Resident in Japan: A foreign entrepreneur or a corporation can register a Godo Kaisha (GK) in Japan without a "Local Resident in Japan" under the amendment in the Companies Act introduced in March-2015
• Registered Office: A local address in Japan is required (physical address and not a PO Box)
• Company Secretary: Not required
• Yearly Tax Return Filing: Mandatory
• Yearly Auditing of Accounts: Not Required

Godo Kaisha (GK) registration procedures, steps, flowchart, and incorporation timeframe: please refer to the registration flowchart of GK.

More on nvtip.com

• Utah Metal Fabricator Titan Forge Builds Momentum with Custom Steel Projects and Spiral Staircases
• Jason Koch: Pioneering the Future of Real Estate Development in New Jersey
• BOXABL Launches Search for New Directors and Executive Leadership
• Bach and Beyond: Cellists Return to the Beach for 2nd Annual Bethany Beach Cellofest
• Circus Circus Las Vegas Debuts Summer Pricing for Adventuredome, Carnival Midway

For further information, please get in touch with us by mail.