LEGAL TERMINOLOGY YEAR 1 (DIDASKALEION)

ανώνυμη εταιρεία: το κεφάλαιό της είναι διαιρεμένο σε μετοχές, ιδρύεται από ένα ή περισσότερα πρόσωπα ενώ είναι δυνατό να καταστεί και μονοπρόσωπη μέσω της συγκέντρωσης του κεφαλαίου σε ένα πρόσωπο, είναι πάντα εμπορική. Κύρια όργανά της είναι η Γενική Συνέλευση και το Διοικητικό Συμβούλιο. Anonymous company/ anonymous partnership is a form of company, which, according to the greek law, its capital is divided in shares, is founded by one or more partners, however it is possible that the capital is concentrated in only one person. It is always commercial, regardless of its function. Its main instruments are the General Assembly and the Administartive Council/ Board.

"Oμόρρυθμη Εταιρεία" is a company that is founded by at least 2 partners that they contribute to the capital of this company . The main difference with the other types of company is that all partners are equally responsible, despite of their contribution.

" εταιρεία περιορισμένης ευθύνης" is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. It is a legal form of a company that provides limited liability to its owners in many jurisdictions. They are well known for the flexibility that they provide to business owners.

The private company is a new type of commercial company in Greece. It belongs to the companies with share capital. The main advantage of the private company is that it provides low cost for establishing and maintaining the business.There isn't any lower limit of the initial capital, which must be contributed by the founders; in addition, not only in cash can the capital be contributed, but also in kind or by guarantee. The founders are not liable for the debts of the company.