Founding a private limited company (PLC) in Hungary
(Part 1)
General rules of a private limited company or joint-stock
company
The private limited company is an economic association founded
with a joint stock consisting of a previously stipulated type and
amount of shares. The shareholder (member of the company) is
obliged vis-à-vis the private limited company to provide the
counter value of the share per nominal value or per accountable
par. The shareholder shall not be liable - with some exception
stipulated by law - for the obligations of the private limited
company.
The name of the company shall indicate the form of being private
limited company by including the abbreviation 'zrt.' in the
name of the company. The private limited company is entitled to
modify company form; however, such modification does not result in
the change of the private limited company.
