Stimulation of the business environment through LLC-Debutant

Claudia Isac () and Codruța Dura ()
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Claudia Isac: University of Petroșani, Romania
Codruța Dura: University of Petroșani, Romania

Annals of the University of Petrosani, Economics, 2015, vol. 15, issue 1, 163-170

Abstract: The important contribution of SMEs to the economic growth is a fact widely recognized due to the social and economic effects which have influenced the classification of SMEs as an engine of the national economy. Thus, in the first part of the paper we have presented, in addition to the defining characteristics of SMEs, legislative aspects with regard to the start-up and the development of LLC-D in Romania, as a stimulus of SMEs to develop entrepreneurial attitudes. Further on we have highlighted the benefits of setting up such companies, advantages that cover both organizational and financial aspects, namely tax exemptions and facilities to finance the activities of the LLC-D. At the end of the paper we have made a statistical analysis on the evolution of the number of LLC-D based on various criteria, such as: the number of companies/inhabitants, the number of companies within a county, the number of companies according to the main object of activity, etc.

Keywords: entrepreneur; SMM; entrepreneurial phenomenon; SRL-D; tax advantages (search for similar items in EconPapers)
JEL-codes: D21 L26 (search for similar items in EconPapers)
Date: 2015
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