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.
As a foreign company who plans to do business in Hungary, it sounds a great idea to open a Hungarian branch office. The main reason for this is that you do not need to provide the minimum capital contribution. Even if at first glance, opening a branch office seems simpler and cheaper than founding a Hungarian LLC as subsidiary, yet there are strong reasons to do the latter. In these article we share with you these considerations.
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.
Under special conditions, the shareholder of a terminated LLC will be directly and unlimitedly liable for the company’s debts. You might think that your debt recovery problem is then solved: if the debtor company is terminated, you will sue the shareholder. However, the devil is always in the details and certain conditions must be met in order to turn successfully against the shareholder. In this short article we tell you 4 things that you need to know if you decide to sue the shareholder of a terminated LLC in Hungary.