Company Formation In Serbia - Which Legal Forms Are Available
One of the first things that you must do when you decide to form a company in Serbia is to choose a type of legal form of the company. In our country, there are different forms that legal entities can 'take'. Those are:
An entrepreneur
(adsbygoogle = window.adsbygoogle || []).push();
A limited partnership
A limited liability
A partnership
A joint-stock
Besides these, there are other legal forms:
A branch office of foreign legal entity
A branch office of domestic legal entity
Representative office of foreign legal entity
All these types have certain specific characteristics, so one must be careful when choosing a type that suits his business needs. This is considered a very important step for the future of the company.
From the list above, the most common types used during company formation in Serbia are: the entrepreneur, the limited liability company and the branch office of legal entity. We will have a closer look at these three types and explain their most important characteristics.
1.1 An entrepreneur
What is specific about this legal form is the fact that every person who is registered in the Business register agency for doing certain business activities can be considered as an entrepreneur. In this case, one person sets up a company in order to make a profit from a certain business.
Even a person without a job can be registered in the BRA as the entrepreneur or just after the moment he has signed a labor contract. If something unpredicted happens, like some kind of damage the entrepreneur answers with his own property. The same thing happens if he doesn't fulfill his commitments.
1.2. A limited liability company
Another type of legal entity that can be chosen after company formation in Serbia is a limited liability company (LLC). This is the type of firm that can have one or more persons involved in its founding. If there is more than one person involved, than they don't have to bring the same amount of money in the company. What is important to emphasize is that the founders can 'bring' money and non-money share into the company. In the end, the total of all shares from all the founders of the company is known as the share capital.
Of course, kynghidongduong.vn there is a minimal amount of share capital for every company and in Serbia that amount is 100 dinars. All those who are involved in the business formation have a certain amount of share in the total share capital of company.
(adsbygoogle = window.adsbygoogle || []).push();
Many things within the company depend on the amount of share that the founders brought to the company. For tour phượng hoàng cổ trấn example, they bear certain risks or have certain rights within the firm (when it comes to voting and splitting of profit) proportionally to their share within the company. In case of doing certain illegal businesses or damage, then the founders are considered responsible.
1.3. A branch office of a domestic legal entity
This type of company formation in Serbia is described as a separate part of the firm from our country, founded on the territory of the Republic of Serbia through which 'parent company' (the company that founded the branch office) does its business. The problem can be the fact that the branch office is not recognised as a legal entity. What is specific about the branch office is the fact that it always does its business in one or more than one city and doesn't do it in the city where the main office is located.
The branch office also has a role to represent the account and the name of the company that founded the branch company, especially when it comes to legal transactions. This also means that the 'parent company' answers for all the commitments toward the third person that arranged things or made certain deals with the branch office.
HLB T&M Consulting is a specialized agency that offers accounting services and it can help you with setting up a company in Serbia ([ ] , financial and business advisors).
(adsbygoogle = window.adsbygoogle || []).push();
