TEMELJNI OBLICI TRGOVAČKIH DRUŠTAVA U HRVATSKOM PRAVNOM SUSTAVU
BASIC FORMS OF COMPANIES IN THE CROATIAN LEGAL SYSTEM

Summary/Abstract: The Company Act has enabled the freedom of entrepreneurship and market freedom in Croatia. Starting from the developed countries' standard, the Company Act has set a unique legal framework for doing business and determined the boundaries for establishing company-related relations autonomously. It is the basis for all other laws regulating business in the Republic of Croatia. By taking over the middle-European legal tradition, this act has returned the terms merchant and company into the Croatian legal system. This act has confirmed the opinion of numerous legal experts that establishing, organising, bodies, management, business and closing down of each company should be regulated by one act and that this one act should apply to all companies. Legal systems of countries with a developed and free market economy, thus also the Croatian legal system, recognize and regulate the following basic types of business: craft, trader and partnership. By accepting European legal standards, Croatian Company Act regulates all legal concepts referring to establishing, organising, cessation and status changes of companies. They are companies recognized by the law as legal persons capable and responsible for all rights and obligations. Companies are founded by means of a contract between two or more private or legal persons who joint their capital and/or work and do business under the same legal name and thus endeavour to achieve their joint goals. There are two basic groups of companies: partnerships and limited companies. The former ones are: public companies, limited partnerships and economic interest groupings, and the latter are: joint stock companies and limited liability companies.

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