THE LIMITED LIABILITY COMPANY IN CURRENT CIRCUMSTANCES
THE LIMITED LIABILITY COMPANY IN CURRENT CIRCUMSTANCES

Summary/Abstract: The establishment and economic development of a limited liability company is of particular importance in the framework of legal relations within a state. In order to set up a limited liability company, it is necessary to know the specific legislation in order to ensure compliance with the legal norms. Their violation may result in penalties, fines or even closure of the company. Also, the limited liability company is the most generic form of company, due to the accessible and easy-to-follow establishment process. Moreover, all the forms necessary to establish a limited liability company can be accessed on the website of the National Trade Registry Office. This ensures easy access to relevant and up-to-date information on the process of setting up a company.

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