What are the advantages of the Liechtenstein Venture Cooperative (LVC)?
When an innovator founds an LVC, he presents his idea directly in its own legal form, and in doing so prepares the basis for easier cooperation with others who can contribute know-how or capital. The LVC offers a legal basis for acquiring the labour, contributions in kind and capital payments from various persons (natural and legal) required for the development of an innovation.
Innovators receive shares in the company for contributing their ideas or preliminary work to the LVC. This means that innovators can embed their idea in a professional structure right from the start, and can then continue developing it in cooperation with partners. In successful cases, the LVC can be transformed into another, more well-known legal form such as a stock company or GmbH (limited liability company).
