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Types of companies in Romania
Currently, it is essential for a professional to initiate the process of company formation in Romania at the Trade Register and they have the option to choose between different legal forms,according to Law 31/1990 regarding companies in Romania, including joint-stock company in Romania, limited liability company in Romania, general partnership in Romania. To set up a company in Romania easily, The Romanian Law Firm Pavel Mărgărit and Associates recommends seeking the services of corporate attorneys in Romania who can provide high-quality legal assistance in any operation related to the Trade Register, ensuring that open a company in Romania, namely limited liability company in Romania (LLC), joint-stock company in Romania or general partnership in Romania is safe and easy for clients who would like to start a business in Romania.
The activity of a company in Romania is regulated by Law 31/1990, which defines 5 types of companies that can be established and specifies the operating principles of these companies.
Corporate Lawyer in Romania. Limited Liability Company in Romania
A limited liability company in Romania is a type of company also known as LLC, where the liability of the shareholders towards the company is limited to their contribution to the share capital. In this regard, the share capital of an LLC is divided into shares that are transferable only among shareholders. In a limited liability company in Romania (LLC), shareholders make decisions regarding the amendment of articles of incorporation, the change of the company’s headquarters in Romania, increasing the share capital through voting, within the General Meeting of Associates. The main advantages of a limited liability company in Romania are the short time for company formation in Romania and the liability of shareholders and directors is limited. The Romanian Law Firm Pavel Mărgărit and Associates recommends seeking the services of a team of corporate lawyers in Romania and corporate attorneys in Romania who can provide legal assistance in any operation at the Trade Register, throughout the entire company establishment procedure, so that the documentation necessary to start a business in Romania is properly fulfilled and the submission of the file is carried out in a simple and timely manner.
Corporate Attorneys in Romania. Joint-Stock Company in Romania
A joint-stock company in Romania is formed through articles of incorporation (AoA) and is a type of economic activity in which the share capital is used to guarantee obligations and shareholders owe only the payment of their shares. A joint-stock company in Romania can operate with a minimum of two shareholders, who can be individuals or legal entities, and the right of ownership over shares can be freely transferred without the consent of others. Among the advantages that arise when clients would like to set up a company in Romania as joint-stock company in Romania, corporate attorneys in Romania can advise you in this regard with the possibilities for the development of activities and investments necessary for carrying out the activity and decisions are made based on each one’s contribution to the company’s share capital.
Lawyers in Romania. General Partnership in Romania
A general partnership in Romania is legally constituted by the association of at least two shareholders, their liability being unlimited and joint, with obligations guaranteed by the share capital of the company. An important aspect of this type of company in Romania is that there is no minimum limit to the share capital and each shareholder has the right to vote through a decisions. The Romanian Law Firm Pavel Mărgărit and Associates is internationally recognized for its experience in registering mentions at the Trade Register, which is why it can provide quality legal assistance in order to open a company in Romania, namely company formation in Romania, amendment of articles of incorporation, change of the company’s headquarters in Romania, company liquidation, company dissolution, company deregistration and in submitting the necessary documents to start a business in Romania, following all the steps according to the current legislation.
“In practice, it has been found essential to consult corporate attorneys in Romania or a corporate lawyers in Romania regarding the establishment of a joint-stock company in Romania, a limited liability company in Romania (LLC) or a general partnership in Romania, as this process involves a detailed understanding of the relevant legislation, the specific legal requirements of each type of company, and the procedures necessary to open a company in Romania,” stated Dr. Radu Pavel, Managing Partner at Pavel, Margarit and Associates Romanian Law Firm.
The Romanian Law Firm Pavel Mărgărit and Associates offers specialized services for registering mentions at the Trade Register with the help of a team of corporate lawyers in Romania who can assist you throughout the entire process. To benefit from our support regarding company formation in Romania, amendment of articles of incorporation, change of the company’s headquarters in Romania, you can contact us by accessing the contact form available at https://avocatpavel.com/contact/.
In conclusion, economic activities in Romania are supported by a variety of companies. Romanian legislation regulates various forms of organization and conduct of activities with the aim of making a profit, providing the possibility of establishing different types of companies, each with specific legal requirements, which lawyers in Romania can advise, especially regarding the liability of the shareholders. In this context, the team of corporate attorneys in Romania from Pavel Mărgărit and Associates is prepared to provide comprehensive and specialized assistance in order to set up a company in Romania, guaranteeing a careful and efficient approach for the success of your business.