what are are one person legal forms of privaye person and company in AT
In Austria, there are several legal forms for a private person or a company that can be established by a single person. Here are some of the most common ones:
(-1) Sole Proprietorship: A sole proprietorship is a type of enterprise owned and run by one person, and in which there is no legal distinction between the owner and the business entity. The owner receives all profits and has unlimited responsibility for all losses and debts.
One-Person Company (OPC): An OPC is a type of private company that can have only one director and member. It is a separate legal entity, which means that the liability of the member is limited to the amount of capital invested in the company.
Unlimited Company: An unlimited company is similar to its limited company counterpart, but where the liability of the members or shareholders is not limited.
Please note that this is not an exhaustive list, and there may be other legal forms available in Austria. It’s advisable to consult with a legal professional to determine which legal form is best suited for your needs. #bing
USA: A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work alone and may employ other people.
Unlike many other business entities, the sole proprietorship lacks a clear distinction between personal and business income.
Carter, Christopher. “What Are the Registration Requirements & Procedures for Sole Proprietorship?”. Chron. Texas Chronicle. Retrieved 26 January 2018.