Download Founding a Company: Handbook of Legal Forms in Europe by Michael J. Munkert, Stephan Stubner, Torsten Wulf PDF

By Michael J. Munkert, Stephan Stubner, Torsten Wulf

The e-book "Founding an organization - instruction manual of felony varieties in Europe" presents an simply obtainable evaluation of crucial info any entrepreneur or supervisor wishes whilst figuring out for a felony type of the enterprise. This makes it in particular fascinating for corporations that choose to input new markets inside of Europe and wish to appreciate which specifications and benefits the several felony types have. With the based presentation of this data for ten diverse international locations the publication makes it possible for quickly comprehension and comparability of the features mentioned. The ebook is a necessary source for marketers, specialists and anyone who helps the enterprise formation procedure in Europe in addition to for academics and scholars operating during this field.

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Therefore, the company’s name is derived from the objective of the company’s business. One can only deviate from this provision if important circumstances arise. Names derived from the object or fantasy names are also possible as long as the name is not misleading. Another requirement is that the company’s name contains the additional term “Aktiengesellschaft” (“stock corporation”); the term can be abbreviated as “AG”. If the stock corporation continues to use the company name of the business that it has acquired, then according to the general provisions of commercial law, the company name needs also to include the term “Aktiengesellschaft” (“stock corporation”).

Not only is a partner liable for contracts entered into by other partners, each partner is also liable for the other partner’s negligence. When two or more physicians or other professionals practice together in a partnership, each partner is liable for the negligence or malpractice of any other partner. J. Munkert and C. Seidl In addition, each partner is personally liable for the entire amount of any of the partnership’s debts. For example, Dr. Wolter may be one of ten partners in a medical partnership, but he is not responsible for only 10 percent of partnership obligations.

The consensus may only be refused for an important reason. J. Munkert and C. 9 Liability of Shareholders and Directors According to § 48 AktG, only the stock corporation’s assets are liable for the debts of the company to its creditors. According to § 1 AktG, shareholders only participate through contributions in the share capital, which is divided into shares; however, shareholders are personally not liable for the liabilities and debts of the company. The obligation of the shareholders to make a contribution is limited by the issue price of the shares [§ 49 (1) AktG].

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