Choosing the legal structure of your company is one of the most important decisions when creating a business in Morocco. SARL, SA, SNC — each structure has specific characteristics in terms of liability, governance, and taxation.
A corporate law lawyer in Casablanca helps you choose the structure suited to your project and draft articles of association compliant with Moroccan legislation.
The main legal forms of companies in Morocco
SARL (Limited Liability Company)
The most common form in Morocco, particularly suited to SMEs. Partners' liability is limited to their contributions and minimum capital is symbolic.
SA (Joint-Stock Company)
Recommended for large companies, those seeking significant financing, or planning to open their capital. Requires a minimum capital of MAD 300,000 and stricter governance.
SNC (General Partnership)
Engages partners' joint and unlimited liability. Suited to small family or professional structures with strong mutual trust.
Limited Partnership
Distinguishes between general partners (unlimited liability) and limited partners (limited liability). Suited to specific investment projects.
What are a company's articles of association?
The articles are your company's founding document. They define:
- Company name and corporate purpose
- Registered office
- Capital and share distribution
- Directors' powers
- Decision-making rules
- Conditions for partners entering and leaving
Why are well-drafted articles essential?
- Prevent disputes between partners
- Clearly define each party's rights and obligations
- Secure the company's governance
- Facilitate transfer or restructuring operations
- Reduce future litigation risks
The corporate lawyer's role
- Advice on choice of legal structure
- Drafting and reviewing articles of association
- Drafting shareholders' agreements
- Supporting general assemblies
- Managing disputes between partners
- Supporting restructuring operations
Conclusion
Choosing the right legal structure and drafting solid articles of association are indispensable foundations for any business in Morocco. Don't leave these decisions to chance.
Our corporate law firm in Casablanca guides you in choosing and setting up the most appropriate legal structure for your project. Contact us for a consultation.
