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Self employed vs creating a company

Ask at your town council which entities provide free advisory services.

Types of entrepreneurs/business owners

Individual business owner / Without a company
Legal person business owner / Capital Company
They are directly liable to third parties. The most common form of company for entrepreneurs is a Limited Liability Company (SRL).

It has legal personality separate from that of its members.
No initial contribution necessary.
  • It limits the entrepreneurs liability to the capital furnished.
  • The minimum share capital is €3,000.
  • It can be single-member (SLU)
Few formalities.
  • Need for a negative certificate of business name.
  • notarial deed of incorporation
  • Entry in the Companies Register.