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Home > Romania > Founding a company > Limited Joint Stock Companies

 

Limited Joint Stock Companies

A limited joint stock company is a rare form of limited partnership. It has characteristics of both a joint stock company and a limited partnership. The same as in a limited partnership, there are general and limited partners. Similarly to a joint stock company, the registered capital of the limited joint stock company is represented by shares. Similarly to a partnership, the general partners may be liable for the debts and obligations of the company beyond amounts they have contributed. The limited partners, not active in the management of the company, have their liability limited to their share stake. A limited joint stock corporation is normally recognized by the use of the words SCA in its name (Societate in Comandita pe Actiuni).

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