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LLC Set-up II


How many directors needed for the LLC?


For an LLC, need a Director according to the Commercial law Article 561, with the following requirements;

A. Non-Resident

No restrictions at all, but No North-Korea Passport holders.


B. Resident

- VISA Holder with a proper work-permit

So E series visa holder need another work permit for this, so could be a problem.


Comparing C-Corp, an LLC do not need an auditor, and no need to extend the directorship every 3 years like the C-Corp.

  1. name of the company

  2. name of the directors

  3. name of the shareholders

  4. business address

  5. purpose of the business

  6. paid-in-capital


Any questions, Please email me to jz@taxjz.com


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since 1981-

Korean Tax Blog

Joseph SY Zoh

CPA, California, a member of AICPA  |  Jz Tax Accounting /Jz Associates

F:+82-31-273-5078  |  Skype: joezoh  |  Email: jz@taxjz.com

Web : www.taxjz.com  |  Blogs: www.koreantaxblog.com

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