FEATURES OF A LIMITED LIABILITY COMPANY AS A BUSINESS ENTITY

Аннотация

Doing business in a market economy is always based on risk. A person who intends to engage in entrepreneurial activity runs a business that sells goods, performs work and provides services on the basis of his property (or other property acquired legally (for example, leased) or funds (borrowed or borrowed)) ... If a business venture invests all of its assets in the business, its risk will affect all of those assets. For this reason, the legislation and practice of organizing a business determine the permissible forms of involving the property of individuals and legal entities in entrepreneurial activities that do not affect other interests of the legal entity. In this case, an individual or legal entity "sews" part of their private property to the business, and the risk is determined in relation to this property. Thus, the property of the individual and the property "sewn" by the business are separated. This, in turn, protects the property of an individual or legal entity, which is not “embedded” in the business, from the risks and responsibilities of the respective business. In the modern system of economic and legal relations, one of the most common forms of "sewing" on the property of enterprises is a limited liability company (hereinafter - LLC).