The most complex form of enterprise is the joint-stock company.
Its incorporation must be made in written form and registered by a notary public. In addition, when the company is set up, paid up share capital of at least 120,000 euros is mandatory and the capital must be divided into shares.
Together with your partners, you can also choose to pay up only 25% of the share capital, at least at an initial stage.
You can set up a joint-stock company also on your own: this form is called a one-man joint-stock company. Your liability remains limited to the value of your share capital. Nonetheless, remember that in this case the initial capital of 120,000 euros must be fully paidup fromthe very beginning.
Finally, do not forget that your liability becomes unlimited if your company fails to regularly settleits debts when due, you have not paid up the share capital and you have not followed the proper procedures in notifying its incorporation or its transformation into a one-man joint-stock company.
For further information on how a joint-stock company works, please refer to Articles 2325 and the following ones of the Italian Civil Code at the following link: www.altalex.com/index.php?idnot=37056.