{"id":2419,"date":"2025-07-04T14:27:17","date_gmt":"2025-07-04T12:27:17","guid":{"rendered":"https:\/\/www.drokros.com\/the-basic-concepts-of-company-law\/"},"modified":"2025-07-04T14:27:17","modified_gmt":"2025-07-04T12:27:17","slug":"the-basic-concepts-of-company-law","status":"publish","type":"post","link":"https:\/\/www.drokros.com\/en\/the-basic-concepts-of-company-law\/","title":{"rendered":"The basic concepts of company law"},"content":{"rendered":"<p>Company law, or the law of business partnerships, is an area that many people are involved in, but very few are aware of the background to it. And it is not a simple subject. <\/p>\n<p>What is very important is to be clear on the basics and leave the rest to the lawyers.<\/p>\n<p>First and foremost, the owner and the manager are not necessarily the same person. They can be the same, but they need not be. <\/p>\n<p>For this reason, the approach must be different, but that is another matter.<\/p>\n<p>But then let&#8217;s look at the concepts we need to know:<\/p>\n<p>Company law is the set of rules dealing with the formation, registration and dissolution of companies.<\/p>\n<p><strong>Chief Executive Officer<br \/>\n<\/strong>The Chief Executive Officer is the person who manages the day-to-day operations of the company and who formally represents the company in dealings with third parties.<\/p>\n<p><strong>Share capital<\/strong><\/p>\n<p>The amount that the owners make available to the company at the start-up.<\/p>\n<p><strong>Ltd.<\/strong><\/p>\n<p>A limited liability company is a company which starts with a share capital consisting of a fixed amount of capital contributions and in which the members&#8217; obligation is essentially limited to the payment of their own contributions. <\/p>\n<p><strong>Zrt.<\/strong><\/p>\n<p>A private limited company is a form of company that is a public limited company, but the shareholders are closed both during its establishment and operation, and its shares cannot be publicly traded. <\/p>\n<p><strong>Seat:<\/strong><\/p>\n<p>The registered office of the company is the registered office of the company. The registered office is the company&#8217;s correspondence address, the place where the company&#8217;s business and official documents are received, received, stored, kept and disposed of, and where the obligations of the registered office, as defined by special legislation, are fulfilled. The registered office of the firm must be indicated by a signboard.  <\/p>\n<p><strong>Location:<\/strong><\/p>\n<p>The establishment of a firm is the place of carrying on business as set out in the firm&#8217;s memorandum and articles of association (hereinafter together referred to as the &#8220;articles of association&#8221;), as a permanent, independent place of business (establishment), which is situated at a place other than the place where the firm has its registered office.<\/p>\n<p><strong>Branch office:  <\/strong><\/p>\n<p>A branch of a company is a place of business in a different municipality &#8211; or in the case of a branch of a Hungarian company abroad, in a different country &#8211; from the company&#8217;s head office.<\/p>\n<p>Anyone who runs a company or whose main job is to produce. Legal issues should be discussed with a company lawyer. If you have any questions, Dr. Tam\u00e1s \u00d6kr\u00f6s Law Office is at your disposal.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company law, or the law of business partnerships, is an area that many people are involved in, but very few are aware of the background to it. And it is not a simple subject. <\/p>\n","protected":false},"author":2,"featured_media":2420,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129],"tags":[],"class_list":["post-2419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/www.drokros.com\/en\/wp-json\/wp\/v2\/posts\/2419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.drokros.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.drokros.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.drokros.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.drokros.com\/en\/wp-json\/wp\/v2\/comments?post=2419"}],"version-history":[{"count":0,"href":"https:\/\/www.drokros.com\/en\/wp-json\/wp\/v2\/posts\/2419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.drokros.com\/en\/wp-json\/wp\/v2\/media\/2420"}],"wp:attachment":[{"href":"https:\/\/www.drokros.com\/en\/wp-json\/wp\/v2\/media?parent=2419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.drokros.com\/en\/wp-json\/wp\/v2\/categories?post=2419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.drokros.com\/en\/wp-json\/wp\/v2\/tags?post=2419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}