Review article
Societas Unius Personae – Proposal for a Directive on Single-Member Private Limited Liability Companies
Dionis Jurić
; Pravni fakultet Sveučilišta u Rijeci
Sonja Marinac
; Trgovački sud u Rijeci - Stalna služba u Pazinu
Abstract
In 2014 European Commission composed Proposal for a Directive of the European Parliament and of the Council on single-member private limited liability companies. The Proposal introduced Societas Unius Personae (SUP). It is variety of the single-member private limited liability company. The SUP is not a new supranational form of company. Member States shall ensure direct on-line registration for incorporation of the SUP with the compulsory use of the templates of Articles of Association and application for registration. The Proposal prescribes minimum capital requirement equivalent to one euro with the introduction of balance sheet test and solvency statement to protect creditors. The aim is removal of the barriers that exist in the national laws of the Member States in the establishment of subsidiaries in order to initiate cross-border business activities of small and medium enterprises.
Keywords
Societas Unius Personae; direct on-line registration; minimum capital requirement; single-member private limited liability company; simple private limited liability company; European Union
Hrčak ID:
141257
URI
Publication date:
13.4.2015.
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