1. Introduction –
In precept any nationwide citizen or international nationwide is allowed to determine a enterprise in Austria. An organization is outlined as a partnership of at the least two individuals (exceptions for restricted legal responsibility firms and joint-stock firms), based by a authorized transaction, who wish to obtain a sure objective via organized cooperation. Whereas one individual is enough to determine a restricted firm (Kapitalgesellschaft), at the least two individuals are essential to type a partnership entity (Personengesellschaft). A enterprise operated by a single pure individual with full private legal responsibility (i.e. with none additional companions or shareholders) is known as a sole proprietorship (Einzelunternehmen).
If international enterprise house owners select to determine a subsidiary in type of a restricted firm in Austria it is very important point out that the institution is legally unbiased from the mum or dad firm that means that the international mum or dad firm doesn’t bear direct and limitless legal responsibility for the subsidiary’s obligations. The company types usually chosen for such subsidiaries are the restricted legal responsibility firm (GmbH) and the joint-stock firm (AG). Moreover, there may be the European Firm (SE), which is seldom used.
Please see full Chapter under for extra info.