Can a limited liability company be formed by only one stockholder?
According to Article 128 Paragraph 1 of the Company Act, amended on November 12, 2001, a limited company must be founded by at least two persons. However, according to Article 128-1 of the same Act, the above provision does not apply to limited companies founded by a government agency or a corporate shareholder. Consequently, at present, a government agency or a corporate shareholder may found a limited company.
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