Regulatory Alerts2023-01-01
Law on Business Undertakings
The Parliament of Montenegro adopted this law to regulate the establishment, registration, management, and dissolution of business undertakings, entrepreneurs, and foreign company branches. It defines four primary legal forms for business entities—General Partnership, Limited Partnership, Joint Stock Company, and Limited Liability Company—and establishes the Central Registry of Economic Entities as the authority for legal personality acquisition. The legislation further details liability structures, including joint and several liability for general partners and protections against the misuse of limited liability, while setting strict requirements for business names, registered offices, and representation powers.
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