What types of companies are there?
Sole Proprietor (ENI)
It is the simplest legal form of incorporation of a company, with no minimum amount required for share capital. It is more targeted at small businesses, with reduced investment and low risk, in the commercial, industrial, agricultural or service sectors.
In this type of company - owned by only one individual - the commercial 99 acres phone number data must consist of the full or abbreviated civil name of the entrepreneur and may or may not include an expression related to the activity carried out.
When creating this type of company, you must take into account that personal and business assets are merged, that is, the entrepreneur is responsible for the company's debts through his personal and business assets.
Single-Member Limited Liability Company
This type of sole proprietorship distributes its share capital in shares, which may be held by a single owner (individual or legal entity). The business name must contain the expression Unipessoal or Sociedade Unipessoal immediately followed by Limitada (or the abbreviation Lda ).
The minimum amount of share capital may be defined by the partners, in accordance with Decree Law No. 33/2011 . This same law also stipulates that the minimum value of shares cannot be less than one euro (in a company with two partners the minimum value of share capital is two euros).
Individual Limited Liability Establishment (EIRL)
The EIRL is a type of company with a single owner that requires a minimum capital of €5,000 (at least one third of the value must be in cash).
The company can be created with the entrepreneur's civil name (abbreviated or in full), with the possibility of adding the line of business. It must also contain the expression “Estabelecimento Individual de Responsabilidade Limitada” or “EIRL” (Individual Limited Liability Company)
In terms of liability and assets, only the company's assets are liable for debts. However, there is an exception: in the case of bankruptcy of the owner related to the company.
