Directive 2009\/102\/EC creates a legal instrument allowing the limitation of liability of the individual entrepreneur within the European Union (EU).
\nIt establishes the rules applicable to single-member private limited companies.
\nIt codifies and repeals Twelfth Company Law Directive 89\/667\/EEC.<\/p>\n
A company may have a single member by virtue of its being formed, or by virtue of all its shares coming to be held, by a single person (single-member company).<\/p>\n
Where a company becomes a single-member company because all its shares have come to be held by a single person, that fact, together with the identity of the single member, must either be entered in a register kept by the company and accessible to the public or be recorded in the file or entered in the central register or the register of companies.<\/p>\n
The single member exercises the powers of a general meeting of the company. Decisions taken by the single member and contracts between that person and the company as represented by him or her must be recorded in the minutes or drawn up in writing.<\/p>\n
Where an EU country allows single-member companies in the case of public limited companies as well, the rules in this directive apply.<\/p>\n
Directive 2013\/24\/EU adapted the directive, adding Croatia to the list of countries in its Annex I following that country\u2019s accession to EU membership.<\/p>\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Certain aspects of company law Directive (EU) 2017\/1132 \u2013 codification of certain aspects of company law concerning limited liability companies In the interest of legal clarity and certainty, the directive codifies a series of previous directives on certain aspects of European company law. These directives concerned key areas of European company law, such as: […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[126],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12260"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=12260"}],"version-history":[{"count":5,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12260\/revisions"}],"predecessor-version":[{"id":18695,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12260\/revisions\/18695"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=12260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=12260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=12260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}