If you wish to start a business, you may choose from different legal forms. The most common forms are either a sole proprietorship or a private/limited liability company.
The sole proprietorship must be arranged at the Chamber of Commerce. For the incorporation of a company, you will need to contact us.
The Articles of Incorporation are included in the deed of incorporation of the company. The articles must include at least:
- the full name of the company;
- the registered office;
- the objectives of the company, and
- the way the board can make decisions.
An amendment to the above-captioned regulations must be done with a notarial deed of amendment to the Articles of Incorporation.
The company has a management board (also referred as the director(s)) and shareholders. The board must manage and represent the company. The shareholders are the providers of the capital of the company, and thus are, indirectly, the owners of the company. In exchange for providing the capital, they acquire shares, which have voting rights and profit rights. It is also possible to have only one shareholder.
The shareholders also have various authorizations, such as the amendment of the Articles of Incorporation, the appointment of the directors (unless otherwise stated in the Articles of Incorporation), and the approval of the annual financial statement, after it has been prepared up by the board.
For more information about the incorporation of a company we invite you for a personal meeting at our office.