Upon successful completion of this course, the participant should be able to:
Understand different legal forms, main advantages and disadvantages of certain Luxembourg commercial companies (SA, SARL, SCS/SCSp) and identify the most suitable legal form for the contemplated corporate project
Understand main steps for the setting up a commercial company (SA, SARL, SCS/SCSp)
Be acquainted with the main roles and liability of different players intervening through the duration of a company (SA, SARL, SCS/SCSp): directors, shareholders…
Be acquainted and understand the key steps of life of a commercial company and their execution
General characteristics of companies
Definition and objectives of a company
Legal framework of companies in Luxembourg
Different legal forms of companies
Classification of companies
Selection criteria for the type of company: liability, open/closed capital, corporate governance...
Comparison of legal framework of the main forms of companies (SA, SARL, SCS/SCSp)
Conditions for the establishment of the main forms of companies (SA, SARL, SCS/SCSp)
Material requirements (contributions, profit participation, prior licenses…)
Drafting of the articles of association and process of incorporation in practice
Status, role and liability of directors
Status of directors (appointment, powers, remuneration, revocation…)
Characteristics of delegation of the management powers
Conflicts of interest
Powers and liability of shareholders
Rights and obligations of shareholders
Liability of shareholders
Major events in the life of companies
Establishment and approval of annual accounts and distribution of profits
Amendment of articles of association
Transfer of securities
Operations concerning the subscribed capital
Dissolution - liquidation
Company founders (including start-ups) and managers, in-house lawyers and any other person willing to better understand key aspects of the Luxembourg company law.
Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.
At the end of the training, the participants will receive a certificate of participation delivered by the House of Training.