n Transactions of the Centre for Business Law - Characteristic features : chapter 4

Abstract

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.