Japanese company type A godo kaisha (合同会社 ?, “joint company”) is a simplified form of business corporation in Japan. It has the same legal status as a kabushiki gaisha (株式会社 ?, “stock company”) or other types of Japanese incorporated companies, with most of the restrictions and requirements removed, and is designed to be simple to establish.
The law authorizing godo kaisha was passed in 2005 and went into effect in 2006. The first godo kaisha was registered on January 4, 2006.[2] The law was amended in 2008.[3] As of March 2013, about 50,000 godo kaisha had been registered.[4]
A godo kaisha (合同会社, “joint association company” or “limited liability company”; often called a GK) is a Japanese business structure under the Japanese Company Law and the Commercial Code of Japan.
It is a hybrid structure that resembles both a corporation and a partnership. It combines the limited liability of corporations with the flexibility and pass-through taxation of partnerships.
The business registration process and annual administrative procedures are streamlined compared to other business structures in Japan.
Other characteristics include:
- A go-kabushiki kaisha (Japanese Stock Corporation) can be converted into a gōdō kaisha with ease.
- There is no restriction on capital amount needed for establishment.
- Company’s name does not need to include partner’s name.
- There is no requirement for directors to be shareholders, and vice versa.
A is a form of business entity in Japan. It is a corporate structure similar to an LLC in the United States, and it has been available as a business entity since 1 April 2006.
The name comes from the . The go, or “word,” refers to the fact that the company is registered with the Legal Affairs Bureau; kaisha means “company.”
godo kaisha
The godo kaisha (合同会社?, literally joint company, also known as a limited liability partnership) is a type of Japanese business entity introduced in 2006. It is a hybrid between a corporation and a limited partnership, and it has some features similar to the United States LLC (limited liability company).[1] The godo kaisha is the most popular form of business entity in Japan.
The godo kaisha is typically formed by two or more parties to carry on any lawful business for profit. It requires at least two partners who may be individuals or corporations. There are no restrictions on foreign ownership, but one of the partners must be resident in Japan. A partner may not be another godo kaisha, kabushiki gaisha or yugen gaisha.
Capital requirements are low: the minimum capital requirement is ¥1; the maximum capital is ¥10 million; if the capital exceeds ¥3 million, a minimum of 25% must be paid up.[2] Distribution of profits and losses can be tailored to each partner’s needs (similar to an LLC), but distribution cannot be disproportionate to capital contributions.[3] Partners are not personally liable for debts of the godo kaisha except
A Japanese professional corporation (株式会社, Kabushiki gaisha), also known as a kabushiki gaisha (abbreviated KK) for short, is a type of joint stock company in Japan.
The kabushiki gaisha (literally “stock company”) is the most common form of business incorporation in Japan. The rules governing its formation are contained in the Companies Act (会社法 Kaisha-hou). In contrast to a yugen kaisha (有限会社) business trust or limited partnership, the kabushiki kaisha is not subject to any special regulations.
A corporation may be formed for any lawful business purpose or purposes. There are no restrictions on foreign ownership, and shareholders are not liable for corporate debts beyond the amount they have invested in the corporation.
godo kaisha is a Japanese corporate form with many similarities to an American limited liability company (LLC). The godo kaisha, or GK, was introduced in Japan in 2001 in response to the rise of information technology and the need for new Japanese corporate forms to suit the new economy.
The godo kaisha is not a corporation; instead it is what is known as a “quasi-corporate” form that is designed to allow small groups of individuals or companies to engage in any business activity without being subject to many of the restrictions imposed on corporations. The godo kaisha also has some similarities to a partnership because it does not have capital stock and is not subject to corporate income tax.
In addition, since its introduction, the godo kaisha has been widely used for asset securitizations and other innovative financing structures.
The godo kaisha essentially combines the best aspects of partnerships and corporations into one form, making it suitable for almost any business purpose in Japan.
Godo Kaisha Meaning
Godo Kaisha — A New Way To Incorporate Your Business In Japan
The Godo Kaisha, or GK, is the newest corporate entity in Japan. It is a flexible alternative to the traditional Kabushiki Kaisha or KK. It is a hybrid of the Japanese and American forms of corporations, offering more flexibility than a KK and fewer legal obligations for members than an LLC. The first type of Godo Kaisha was created in 2005.
“godo kaisha” means “joint stock company” in English. It is a new type of Japanese company introduced by the Japanese Companies Act (Act No.86 of 2005) which came into effect on May 1, 2006. The godo kaisha is similar to a corporation in the United States and a limited liability company in the United Kingdom.
People have been calling it the “Japanese LLC” but there are some differences between it and an LLC in the United States or a limited liability company in the United Kingdom.
A godo kaisha (合資会社), or limited liability partnership, is a Japanese company type established in 2005 by the godo keiretsu kaihatsu hō (合同経営改革法, “Limited Liability Company Act”).[1] The law permits forming of a private limited company (LLP) with no minimum capital and only one person as its organizer, who can also be the only employee.
A godo kaisha must have a registered address within Japan. It must have at least one corporate representative and one managing officer. The managing officer is responsible for day-to-day management of the company’s affairs, and can be held personally liable for acts outside of their authority.
In a general partnership, the partners are jointly and severally liable for all obligations of the business. This means that if one partner deals with a creditor without the knowledge or permission of the other partner and fails to pay that creditor, then each partner may be held responsible for the full amount of the debt. If there is not enough capital in the firm to pay off that debt, then both partners are responsible. This can lead to serious financial problems for both partners.
A Godo Kaisha does not have this liability structure. All members are only liable for their own investment shares. This means that if one member cannot pay their share, then the other members will not be held responsible for paying it as well.
What’s the meaning of the phrase ‘God only knows’?
This is an acknowledgement that a state of affairs is so complicated that the outcome is unknowable.
The phrase was originally a Biblical reference, but has been used in more general contexts since at least the early 19th century.
What’s the origin of the phrase ‘God only knows’?
This is a reference to the use of ‘God only knows’ in 1 Corinthians 13:2, in the King James Bible, 1611:
For we know in part, and we prophesy in part. But when that which is perfect is come, then that which is in part shall be done away. When I was a child, I spake as a child, I understood as a child, I thought as a child: but when I became a man, I put away childish things. For now we see through a glass, darkly; but then face to face: now I know in part; but then shall I know even as also I am known. And now abideth faith, hope, charity, these three; but the greatest of these is charity.
The phrase ‘God only knows’ isn’t present there – it occurs in other translations – but it seems to have come into