Many are already familiar with the so called client gate and use it on a daily basis, it may be new that now the companies are required to register their own “gates” called company gate. The registration portal is already available and companies are obliged to make the registration until 30th August 2017. However, a grace period until the end of this year is provided and until this date companies can live a gate-free life. After 1st January 2018 those companies who have not entered the gate can expect sanctions. In this short article, we tell you what exactly is the company gate and how you can make the registration.
Many believe that as a shareholder of a limited-liability company they will not be liable for the debts of the company with their own assets. In most cases this is true, yet there are situations, when the rule of limited liability shall not prevail and the shareholder of the LLC will be directly and unlimitedly liable for the company’s debts. In this short article we summarize the most important cases when the limited liability becomes unlimited.
In this article we summarize the key-points of the limited liability company (LLC) formation in Hungary according to New Hungarian Civil Code. By presenting the main features of the Hungarian LLC, we show why it is the favourite company form among foreign investors, and after we outline the most important steps and costs of the company formation procedure.
Finding the most appropriate company form is essential for every business. Hungarian company law offers a wide range of company forms available for foreign entrepreneurs and investors. We prepared this summary to help you to find the form that mostly fits your business goals.