Doing Business in Romania. Perspectives on the Types of Doing Business. Types of Individual and Company Entities without Legal Personality. Types of Entities with Legal Personality
Doing Business in Romania. Perspectives on the Types of Doing Business. Types of Individual and Company Entities without Legal Personality. Types of Entities with Legal Personality

Summary/Abstract: The analysis in the present study integrates the types of trading entities in order to clearly determine them. A first reference theme when setting-up a business is that of the legal personality it would take. The new Civil Code, acting as common law in the field of trading entities, determines the realignment and balancing of the regulations on types of business. Company Law 31 of 1990 preserves the types of trading entities with legal personality regulated here: general partnership, limited partnership, limited partnership by shares, limited liability company, joint-stock company. The simple partnership which can gain legal personality is widely regulated, and for the partnership are mainly preserved the landmarks drawn by the Commercial Code of 1886 that is presently repealed. In conclusion, the present study analyses and answers the question – who are the legal trading entities and what are the regulated types of business.

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