THE LIMITED LIABILITY COMPANY VS. THE JOINT STOCK COMPANY. SWOT ANALYSIS

Mircea Iosif Rus and Alexandru Cordoș

FIAT IUSTITIA, 2021, vol. 15, issue 1, 164-170

Abstract: The limited liability company together with the joint-stock company are the most frequent organization forms of the Romanian business environment. There are differences between the way of incorporation, both at the level of the share capital as well as at that of the minimum number of persons required for the set up of the respective companies. According to the field of activity, a company of this type is preferred to the prejudice of the other. With this scientific approach we tried to introduce, in a SWOT analysis, their joint elements as well as those which are specific for these trading companies especially because a similar different organization way is present also in other states of the European Union. We will not say which of these organization ways of the trading companies is better or more permissive from the legislation standpoint but, we will introduce a point of view and, maybe, recommendations for the persons who read this scientific approach and wish to start a business in the future and do not know under which legal form their trading company should operate. Let us not forget the fact that the Romanian legislation allows for the set up of limited partnerships and partnerships limited by shares, but such forms will make the object of another scientific approach.

Keywords: commercial company; social capital; commitment; social parts; actions (search for similar items in EconPapers)
JEL-codes: K22 (search for similar items in EconPapers)
Date: 2021
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