Society


A society is always founded to fulfil one or several predefined goals. The purpose and forms of action must not be contrary to law nor offend good manners. For a society, a charter of foundation signed by the members must be made. The members of a registered ideological society are not personally responsible for the society's liabilities made in the name of it. The compulsory bodies of a society are annual general meeting, an executive committee and accountants.

An ideological society becomes a juridical person at the time of registration into the Society Register. If founded solely to gain profit or some other type of economical benefit, the society cannot be registered into the Society Register. Thus, the primary purpose of a registered society cannot be to practise a business or to gain profit. In case a society practises a business that is related to its secondary purposes, it must also be registered into the Trade Register.


Overview Forms of Company | Single-member company | Unlimited partnership | Limited partnership | Limited company | Cooperative |