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Overview of Legal Forms

The following table gives you an overview of the four main types of legal forms in Italy. In a personal consultation we are happy to assist you in selecting the right type.

 

 

Sole

Enterprise

General

Partnership

Limited 

Partnership

Limited Liability Company

Simple Limited Liability Company

Public Limited Company

Capital requirements

No requirements

No requirements

No requirements

Start from 10’000 EUR 

 

(If a LLC with minimum capital, then from 1 to 10,000 EUR)

From 1 EUR to 10'000 EUR

 

Start from 50'000 EUR 

Liability

Personal

Personal

Personal and Limitedi

Limited

Limited

Limited

Company name

+ Last name of the owner or the initials of his name and his last name.

+ Name of one or more associates  and indication of the social relationship.

 

+ Name of one or more associates  and indication of the social relationship.

+ S.r.l./ S.r.l. unipersonale (if only with one founder)

+ S.r.l.s. / S.r.l.s 

(if only with one founder)
unipersonale

+ S.p.a. / S.p.a.

(if only with one founder)
unipersonale

Amount of people

One person

Min. two persons

Min. two persons

At least one stockholder

At least one stockholder

At least one stockholder

Shares

Not possible

If more than one associate

If more than one associate

Ordinary shares

Ordinary shares

Ordinary shares

Revision

Not necessary

Not necessary

Not necessary

Share Capital is larger than 120’000 EUR or the company exceeded two of the following limits:

1) Total assets in the balance sheet of 4’400’000 EUR;

 

2) Revenues from sales of 8’000’000 EUR;

 

3) 50 persons employed on average during the fiscal year.

The company exceeded two of the following limits:

1) Total assets in the balance sheet of 4’400’000 EUR;

 

2) Revenues from sales of 8’000’000 EUR;

 

3) 50 persons employed on average during the fiscal year.

Mandatory

Taxes

Indicated in specific form and private tax return

Indicated in specific form and private tax return

Indicated in specific form and private tax return

Separate tax return

Separate tax return

Separate tax return

Advantages

(+)

- No capital requirements 
 
- Fewer regulations and insurances

- No capital requirements 

 
- Fewer regulations and insurances

- Possible associates

- No capital requirements 

- Fewer regulations and insurances

- Limited liability for some of the associates

- Limited liability

- Lower capital requirements than LLC

- Limited liability

- Low notary costs

- Lower capital requirements than Ltd

- Limited liability

- Possibility to give shares 


- Shares of stock are easy transferrable

Disadvantages

(-)

- Liability


- No shares


- Image

- Liability

- Image

- Liability (for some associates)

- Image

- Many regulations

- Double taxation

- Many regulations

- Double taxation

- High capital requirements

- Many regulations

- Double taxation