Review article

The simply private company with limited liability

Ratko Brnabić ; Pravni fakultet Sveučilišta u Splitu
Mario Ivančev

Abstract

Simple Private Limited Liability Company is already more than a year a part of Croatian legal system. Statistical data show that this company enjoys relatively high popularity and it can be concluded that it meets the practical needs of its founders. However, numerous legal issues arising in connection with this type of limited company are not fully clarified. This legal form is a reasonable choice for founders who do not have the necessary capital and who does not want to give up the privilege of irresponsibility for liabilities of the company. Given the fact that this is actually a transitional form that precedes the classic form of limited liability company, it only strengthens position of the latter. The main feature of this company is that it can be established with a ground capital of just 10 Kuna and solely monetary inserts are allowed. On the other hand, it must form the legal capital reserves that can later be transformed into the ground capital of the company.

Keywords

Simple limited liability company; Company name; Minimum ground capital; Legal reserves of the capital; The minutes on establishing a simple limited liability company

Hrčak ID:

119987

URI

https://hrcak.srce.hr/119987

Publication date:

4.4.2014.

Article data in other languages: croatian

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