Opening Companies in Italy – in Italy, one of the most used methods from the classification of companies is linked to the role of shareholders within their management. Let’s see what the types of companies present in Italy are.
These companies provide that the shareholders respond in an unlimited manner – or even with equity if necessary – for social obligations and are set up before a notary who will file the deed to allow registration in the business register.
Among partnerships we find:
- Simple company: it cannot be used to open a business, while it is used in the agriculture and real estate sector. The shareholders undertake the obligation to confer capital, assets but also their work to the company with unlimited liability regarding the debts.
- Collective company: This type of company can carry out any type of commercial activity. The liability of the members is unlimited, but any creditor will refer to the personal assets of the debtors only if the corporate assets are not sufficient.
- Limited partnership: it can also carry out commercial activities and its composition includes two types of shareholders who respond differently to the company’s obligations. Indeed, limited partners are only liable for their quota, while limited partners answer in an unlimited manner and take care of the management.
How to open a business in Italy
Starting a business in Italy, both as a sole proprietorship and as a company, implies a series of administrative obligations that must be followed, to avoid incurring any penalties.
So what are the steps to be followed in a sane way before they can be truly operational? The first step is, of course, to open a VAT number, or to request an 11-digit numeric code from the Revenue Agency, which identifies the company.
Here, it will also …Read More