Everything about Yugen Kaisha totally explained
A
yūgen kaisha or
yūgen gaisha (Jp. 有限会社, lit. "limited company," abbrev.
Y.K.) is a form of business organization in
Japan.
Yugen kaisha are based on the
German GmbH and were implemented in Japan in the Limited Company Act (有限会社法) of 1940. Companies Act, implemented on
May 1,
2006, replaced the yugen kaisha with a new form of company called
godo kaisha, based upon the American
limited liability company. Following the implementation, no new YKs were allowed in Japan, but pre-existing YKs were allowed to continue their operations as
kabushiki kaisha under special rules.
Whether the term is pronounced as
yūgen gaisha or
yūgen kaisha is up to the local dialect, or up to the company's preference when it's part of the company's name. While it's pronounced
yūgen gaisha in standard Japanese dialect, the alphabetic abbreviation is always Y.K. by standard.
Structure
As of 2005, a Y.K. can have up to 50 investors, called . The members were required to provide at least ¥3 million in capital contributions, with each valued at no less than ¥50,000. The minimum capital amount was much more permissive than the ¥10 million minimum for a kabushiki kaisha. A Y.K. was also not required to issue certificates for investment units, whereas stock certificates were required for a K.K.
Unlike a K.K., a Y.K. doesn't need to have a board of directors or statutory auditors: the minimum requirement is one .
Because of its simplified structure and relatively lax incorporation requirements, the Y.K. form is associated with small businesses. However, some larger companies have used the form:
ExxonMobil's principal Japanese subsidiary, for instance, is a Y.K. with paid-in capital of ¥50 billion (US$420 million).
(External Link
) In addition to simplified
corporate governance, a Y.K. receives some tax benefits under foreign laws such as the U.S.
Internal Revenue Code.
Further Information
Get more info on 'Yugen Kaisha'.
|
External Link Exchanges
Do you know how hard it is to get a link from a large encyclopaedia? Well we're different and will prove it. To get a link from us just add the following HTML to your site on a relevant page:
<a href="http://yugen_kaisha.totallyexplained.com">Yugen kaisha Totally Explained</a>
Then simply click through this link from your web page. Our crawlers will verify your link, extract the title of your web page and instantly add a link back to it. If you like you can remove the words Totally Explained and embed the link in article text.
As long as your link remains in place, we'll keep our link to you right here. Please play fair - our crawlers are watching. Your site must be closely related to this one's topic. Any kind of spamming, dubious practises or removing the link will result in your link from us being dropped and, potentially, your whole site being banned. |
