The limited liability Company (LLC) called in Costa Rica as LTDA is a easy to operate company simplest than the Corporation (Anonymous Society or Sociedad Anonima), you can find in the LLC or LTDA many advantages for business in Costa Rica, some of its characteristics are:
1. There are no Board of Directors.
2. It is operate by a manager, and if the company grows, can have more managers.
3. Have two private records(books), one for the shareholders meetings, one for the shareholders registration.
4. The shares (quotas) are common stock, and in those cases where the shareholder wants to transfer his share, he needs to be provided by his partners an authorization in advance.
5. The stock capital is not possible to constitute in US dollars, just in Colones.
6. The Shareholder meeting is also its controller-
Today, this structure is great for a small business, but here in Costa Rica, are big companies using for many years a LLC structure.-