n Transactions of the Centre for Business Law - Characteristic features : chapter 4
|Article Title||Characteristic features : chapter 4|
|© Publisher:||University of the Free State|
|Journal||Transactions of the Centre for Business Law|
|Publication Date||Jan 2008|
|Pages||79 - 86|
Both the GmbH and the close corporation aim at providing alternative legal options for small business entities, giving them a simpler and less expensive legal form, which satisfies their needs for flexibility while guaranteeing liability limitations and continuity. In addition, both entities are self-sufficient in that they do not rely on capital markets to fund their operations. With this in mind, the following chapter briefly compares a few characteristic features of each, specifics will be dealt with at a later stage.
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