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to treat GKs as "pass-through entities" in which only company profits would be taxed. However, the
Ministry of Finance refused to allow such treatment. As a result, many new companies are expected to use the more prestigious KK business form rather than the GK business form, especially given the
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Major business decisions (such as large asset sales or winding up of the company) may be made informally. (In a KK, resolutions of shareholder and board meetings are often required for such decisions).
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Because KKs traditionally required a larger capital and procedural investment, GKs did not initially have the same level of prestige. That has changed with many large foreign companies, including
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The legal duties of GK managers are very similar to the legal duties of KK directors. GK members may sue managers in the same way that KK shareholders may sue directors on the company's behalf.
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All members must consent to the amendment of the articles of incorporation unless the articles of incorporation provide otherwise. (In a KK, only a supermajority of shareholders is required.)
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from among their ranks. This executive manager can be either an individual or a corporation; however, corporate executive managers must appoint at least one functional manager
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All members must consent to any transfer of ownership unless the articles of incorporation provide otherwise. (In a KK, the transfer of shares is unlimited by default.)
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GKs are taxed as corporations under
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Members may invest any type of asset in exchange for their interest. (In a KK, non-cash contributions require an appraisal supervised by a court.)
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Following ratification of the agreement, the GK's articles of incorporation and corporate seal must be registered with the Legal
Affairs Bureau
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looser regulation of KKs under the new law. The only limited liability business which receives pass-through tax treatment in Japan is the
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All members are representatives of the company by default unless managers have been appointed. (In a KK, only the
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The members may, either in the agreement or pursuant to the agreement, choose one or more executive manager
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tax law, gōdō gaisha are not classified as corporations, and are therefore eligible to make an
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A GK may be converted to a KK with the unanimous consent of all of its members.
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Japan
External Trade Organization, "Setting Up a Business in Japan"
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In late 2005, following the passage of the
Companies Act, the
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having a simplified internal structure like that of a
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503:Company Law provisions regarding godo gaisha
252:signed between its investors, called members
340:The following distinguish godo gaisha from
236:A GK is formed by articles of incorporation
63:. Unsourced material may be challenged and
326:to perform the actual management duties.
127:Learn how and when to remove this message
405:Ministry of Economy, Trade, and Industry
220:Gōdō gaisha was newly introduced by the
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61:adding citations to reliable sources
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509:New Company Law and Godo Gaisha
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336:Distinguishing characteristics
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547:2006 establishments in Japan
208:) distinguished by offering
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542:Types of business entity
358:represents the company.)
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356:Representative Director
172:Companies Act of Japan
532:Japanese business law
168:business organization
57:improve this article
409:Ministry of Finance
212:for all investors.
514:2006-07-16 at the
321:shokumu shikkō sha
305:gyōmu shikkō shain
196:. It is a type of
210:limited liability
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16:(Redirected from
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481:Kabushiki gaisha
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476:Gōshi gaisha
471:Gōmei gaisha
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55:Please help
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206:partnership
202:corporation
159:gōdō kaisha
143:gōdō gaisha
18:Godo kaisha
526:Categories
518:(Japanese)
505:(Japanese)
487:References
377:ExxonMobil
216:Background
87:newspapers
387:(through
282:hōmukyoku
44:does not
512:Archived
435:See also
396:Taxation
385:Walmart
170:in the
101:scholar
65:removed
50:sources
419:Under
381:Amazon
373:Google
299:業務執行社員
247:teikan
183:日本版LLC
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369:Apple
315:職務執行者
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151:合同会社
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48:any
46:cite
276:法務局
59:by
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